Cousins Properties Incorporated (NYSE:CUZ) Stake Increased by Invesco Ltd.

Invesco Ltd. increased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 624,016 shares of the real estate investment trust's stock after acquiring an additional 11,656 shares during the quarter. Invesco Ltd. owned approximately 0.39% of Cousins Properties worth $19,120,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in Cousins Properties by 1,609.3% during the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 869 shares during the period. UMB Bank n.a. boosted its position in shares of Cousins Properties by 67.4% during the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after buying an additional 395 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Cousins Properties by 473.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock worth $127,000 after buying an additional 3,551 shares in the last quarter. BankPlus Trust Department acquired a new stake in Cousins Properties in the 4th quarter valued at approximately $142,000. Finally, Assetmark Inc. increased its position in Cousins Properties by 15.3% in the 4th quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after acquiring an additional 794 shares during the period. Institutional investors own 94.38% of the company's stock.

Cousins Properties Price Performance

Shares of NYSE CUZ traded up $0.20 during trading on Thursday, hitting $27.60. The company had a trading volume of 117,602 shares, compared to its average volume of 1,253,724. Cousins Properties Incorporated has a 52 week low of $22.01 and a 52 week high of $32.55. The business's 50-day moving average is $28.54 and its 200 day moving average is $29.89. The company has a market cap of $4.63 billion, a P/E ratio of 92.00, a PEG ratio of 2.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend was Thursday, April 3rd. Cousins Properties's payout ratio is 426.67%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. StockNews.com lowered shares of Cousins Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, April 9th. Jefferies Financial Group began coverage on shares of Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price target for the company. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Monday, April 7th. Finally, Robert W. Baird dropped their target price on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $32.70.

Cousins Properties Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.