Lecap Asset Management Ltd. Buys Shares of 34,772 Cousins Properties Incorporated (NYSE:CUZ)

Lecap Asset Management Ltd. acquired a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,772 shares of the real estate investment trust's stock, valued at approximately $805,000.

A number of other large investors have also recently bought and sold shares of the business. Jupiter Asset Management Ltd. bought a new position in Cousins Properties during the 1st quarter worth $846,000. Balyasny Asset Management L.P. grew its position in shares of Cousins Properties by 49.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,781,184 shares of the real estate investment trust's stock worth $67,722,000 after acquiring an additional 916,508 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Cousins Properties by 554.8% during the first quarter. SG Americas Securities LLC now owns 185,283 shares of the real estate investment trust's stock worth $4,454,000 after acquiring an additional 156,988 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Cousins Properties by 124.6% in the 1st quarter. BNP Paribas Financial Markets now owns 246,382 shares of the real estate investment trust's stock worth $5,923,000 after acquiring an additional 136,685 shares during the period. Finally, Vanguard Group Inc. lifted its position in Cousins Properties by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 23,353,228 shares of the real estate investment trust's stock valued at $561,412,000 after purchasing an additional 456,251 shares during the last quarter. Institutional investors own 94.38% of the company's stock.

Cousins Properties Price Performance

Shares of CUZ traded up $0.28 during midday trading on Wednesday, reaching $27.31. The stock had a trading volume of 750,202 shares, compared to its average volume of 1,381,973. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $4.15 billion, a P/E ratio of 55.73, a P/E/G ratio of 4.62 and a beta of 1.30. The firm's 50 day moving average price is $24.89 and its 200-day moving average price is $23.72. Cousins Properties Incorporated has a 52 week low of $17.40 and a 52 week high of $27.97.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.61). The business had revenue of $212.98 million during the quarter, compared to the consensus estimate of $208.18 million. Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. Cousins Properties's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.75 earnings per share. On average, analysts forecast that Cousins Properties Incorporated will post 2.67 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Wednesday, July 3rd were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.69%. Cousins Properties's dividend payout ratio (DPR) is presently 261.22%.

Wall Street Analyst Weigh In

CUZ has been the topic of several analyst reports. Evercore ISI restated an "in-line" rating and issued a $29.00 price target on shares of Cousins Properties in a research note on Tuesday. Barclays lifted their target price on Cousins Properties from $25.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, July 30th. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 23rd. Finally, Robert W. Baird raised their price target on Cousins Properties from $29.00 to $31.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Cousins Properties currently has an average rating of "Hold" and a consensus target price of $25.86.

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.

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