LSV Asset Management Purchases 76,168 Shares of Cousins Properties Incorporated (NYSE:CUZ)

LSV Asset Management raised its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,085,304 shares of the real estate investment trust's stock after acquiring an additional 76,168 shares during the quarter. LSV Asset Management owned approximately 0.69% of Cousins Properties worth $33,254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CUZ. Norges Bank purchased a new stake in shares of Cousins Properties in the 4th quarter worth $57,194,000. Principal Financial Group Inc. increased its holdings in Cousins Properties by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock valued at $413,375,000 after acquiring an additional 1,350,352 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Cousins Properties by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock valued at $759,936,000 after purchasing an additional 985,934 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Cousins Properties in the fourth quarter worth about $25,148,000. Finally, ExodusPoint Capital Management LP boosted its stake in Cousins Properties by 181.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 1,170,067 shares of the real estate investment trust's stock valued at $35,851,000 after buying an additional 753,757 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Trading Up 0.1 %

Shares of NYSE:CUZ traded up $0.03 during trading hours on Thursday, hitting $26.81. 328,905 shares of the company's stock traded hands, compared to its average volume of 1,252,996. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The business has a fifty day moving average price of $28.89 and a 200-day moving average price of $29.97. Cousins Properties Incorporated has a 1 year low of $21.72 and a 1 year high of $32.55. The firm has a market capitalization of $4.50 billion, a P/E ratio of 89.47, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating 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 analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.77%. Cousins Properties's payout ratio is 426.67%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com cut Cousins Properties from a "hold" rating to a "sell" rating in a report on Wednesday, April 9th. Barclays lowered their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Jefferies Financial Group began coverage on shares of Cousins Properties in a report on Monday, March 17th. They issued a "buy" rating and a $35.00 target price on the stock. Truist Financial increased their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Robert W. Baird reduced their price objective on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cousins Properties has an average rating of "Moderate Buy" and a consensus target price of $32.70.

Cousins Properties Company 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.