Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 35.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 118,236 shares of the real estate investment trust's stock after purchasing an additional 31,199 shares during the quarter. Los Angeles Capital Management LLC owned about 0.08% of Cousins Properties worth $3,486,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 858 shares during the period. Versant Capital Management Inc boosted its holdings in Cousins Properties by 3,236.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 1,586 shares during the period. Abich Financial Wealth Management LLC purchased a new position in Cousins Properties in the 1st quarter worth approximately $43,000. Signaturefd LLC boosted its holdings in Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 651 shares during the period. Finally, CWM LLC boosted its holdings in Cousins Properties by 74.6% in the 3rd quarter. CWM LLC now owns 4,298 shares of the real estate investment trust's stock worth $127,000 after acquiring an additional 1,836 shares during the period. Hedge funds and other institutional investors own 94.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CUZ shares. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a report on Monday, November 4th. Evercore ISI upped their target price on Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Robert W. Baird upped their target price on Cousins Properties from $31.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Barclays upped their target price on Cousins Properties from $30.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Finally, Truist Financial upped their target price on Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $31.50.

Cousins Properties Stock Performance

Shares of CUZ stock traded down $0.17 on Wednesday, hitting $30.91. 1,059,032 shares of the stock traded hands, compared to its average volume of 1,311,218. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $4.70 billion, a PE ratio of 93.67, a PEG ratio of 5.03 and a beta of 1.29. Cousins Properties Incorporated has a 1-year low of $19.20 and a 1-year high of $32.44. The company's fifty day moving average is $30.07 and its 200 day moving average is $26.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.60). The firm had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The business's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. On average, equities research analysts predict that Cousins Properties Incorporated will post 2.67 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Thursday, October 3rd. Cousins Properties's payout ratio is 387.88%.

Insider Buying and Selling at Cousins Properties

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the sale, the chief accounting officer now directly owns 12,529 shares in the company, valued at approximately $352,440.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by company insiders.

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.