Arkadios Wealth Advisors Takes Position in Cousins Properties Incorporated (NYSE:CUZ)

Arkadios Wealth Advisors bought a new position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,983 shares of the real estate investment trust's stock, valued at approximately $578,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CUZ. Vanguard Group Inc. grew its stake in shares of Cousins Properties by 2.0% during the first quarter. Vanguard Group Inc. now owns 23,353,228 shares of the real estate investment trust's stock valued at $561,412,000 after buying an additional 456,251 shares during the last quarter. Principal Financial Group Inc. grew its position in Cousins Properties by 13.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,208,784 shares of the real estate investment trust's stock worth $297,284,000 after acquiring an additional 1,407,164 shares during the last quarter. Centersquare Investment Management LLC increased its stake in Cousins Properties by 8.9% in the 1st quarter. Centersquare Investment Management LLC now owns 4,898,757 shares of the real estate investment trust's stock worth $112,377,000 after purchasing an additional 399,468 shares during the period. Balyasny Asset Management L.P. lifted its position in Cousins Properties by 49.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,781,184 shares of the real estate investment trust's stock valued at $67,722,000 after purchasing an additional 916,508 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Cousins Properties by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,289,723 shares of the real estate investment trust's stock valued at $55,755,000 after purchasing an additional 117,031 shares during the period. Hedge funds and other institutional investors own 94.38% of the company's stock.

Cousins Properties Trading Down 0.1 %

Shares of NYSE:CUZ traded down $0.04 on Thursday, hitting $28.09. The company had a trading volume of 948,717 shares, compared to its average volume of 1,359,413. The firm's 50-day simple moving average is $25.47 and its two-hundred day simple moving average is $23.95. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 57.33, a P/E/G ratio of 4.62 and a beta of 1.30. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58. Cousins Properties Incorporated has a 1 year low of $17.40 and a 1 year high of $28.41.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings data 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). Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The company had revenue of $212.98 million during the quarter, compared to analysts' expectations of $208.18 million. During the same quarter last year, the business earned $2.75 earnings per share. The business's quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts anticipate that Cousins Properties Incorporated will post 2.67 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Wednesday, July 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.28 annualized dividend and a yield of 4.56%. Cousins Properties's payout ratio is 261.22%.

Analyst Ratings Changes

Several research analysts recently commented on CUZ shares. Evercore ISI reaffirmed an "in-line" rating and issued a $29.00 target price on shares of Cousins Properties in a research note on Tuesday, August 20th. Barclays raised their price target on shares of Cousins Properties from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, July 30th. Robert W. Baird upped their price objective on shares of Cousins Properties from $29.00 to $31.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Finally, StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $25.86.

About Cousins Properties

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.