41,000 Shares in Cousins Properties Incorporated (NYSE:CUZ) Bought by Versor Investments LP

Versor Investments LP purchased a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,000 shares of the real estate investment trust's stock, valued at approximately $949,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CUZ. Norges Bank bought a new stake in shares of Cousins Properties in the fourth quarter valued at approximately $35,502,000. Principal Financial Group Inc. increased its holdings in Cousins Properties by 13.0% in the 4th quarter. Principal Financial Group Inc. now owns 12,208,784 shares of the real estate investment trust's stock valued at $297,284,000 after buying an additional 1,407,164 shares during the period. Heitman Real Estate Securities LLC bought a new stake in shares of Cousins Properties during the 4th quarter worth approximately $32,105,000. Balyasny Asset Management L.P. boosted its position in shares of Cousins Properties by 49.2% during the 4th 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 in the last quarter. Finally, Jennison Associates LLC increased its stake in Cousins Properties by 75.6% in the first quarter. Jennison Associates LLC now owns 1,917,908 shares of the real estate investment trust's stock valued at $46,107,000 after acquiring an additional 825,547 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of Cousins Properties from $29.00 to $31.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Evercore ISI reaffirmed an "in-line" rating and issued a $29.00 price objective on shares of Cousins Properties in a research note on Tuesday, August 20th. Barclays raised their price objective 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. Truist Financial boosted their price objective on Cousins Properties from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Friday. Finally, StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 23rd. Two research 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, the company presently has a consensus rating of "Hold" and a consensus price target of $26.43.

Cousins Properties Stock Down 1.5 %

Shares of NYSE:CUZ traded down $0.42 during trading on Tuesday, hitting $28.09. 820,712 shares of the company were exchanged, compared to its average volume of 1,356,582. The stock has a market capitalization of $4.27 billion, a P/E ratio of 57.33, a PEG ratio of 4.68 and a beta of 1.30. Cousins Properties Incorporated has a 12-month low of $17.40 and a 12-month high of $28.57. The firm's 50 day moving average price is $25.79 and its 200-day moving average price is $24.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.03.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.61). The firm had revenue of $212.98 million for the quarter, compared to analyst estimates of $208.18 million. Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. Cousins Properties's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.75 earnings per share. On average, 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 Monday, July 15th. Investors of record on Wednesday, July 3rd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend was Wednesday, July 3rd. Cousins Properties's payout ratio is presently 261.22%.

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.