Wolverine Asset Management LLC Invests $517,000 in Cousins Properties Incorporated (NYSE:CUZ)

Wolverine Asset Management LLC acquired a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,342 shares of the real estate investment trust's stock, valued at approximately $517,000.

Several other large investors also recently bought and sold shares of CUZ. Norges Bank acquired a new position in shares of Cousins Properties during the 4th quarter worth approximately $35,502,000. Principal Financial Group Inc. raised its holdings in shares of Cousins Properties by 13.0% in the fourth 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. Heitman Real Estate Securities LLC purchased a new stake in shares of Cousins Properties in the fourth quarter valued at $32,105,000. Balyasny Asset Management L.P. boosted its stake 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 valued at $67,722,000 after acquiring an additional 916,508 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Cousins Properties by 75.6% during the 1st quarter. Jennison Associates LLC now owns 1,917,908 shares of the real estate investment trust's stock worth $46,107,000 after purchasing an additional 825,547 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Trading Up 0.1 %

Shares of CUZ stock traded up $0.04 on Friday, reaching $28.33. 1,363,887 shares of the stock were exchanged, compared to its average volume of 1,351,407. Cousins Properties Incorporated has a 1-year low of $17.40 and a 1-year high of $28.58. The stock has a market cap of $4.31 billion, a P/E ratio of 57.41, a price-to-earnings-growth ratio of 4.68 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. The firm has a 50 day moving average of $26.02 and a two-hundred day moving average of $24.12.

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

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Wednesday, July 3rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.52%. Cousins Properties's dividend payout ratio (DPR) is 261.22%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CUZ. Evercore ISI reaffirmed an "in-line" rating and set a $29.00 price target on shares of Cousins Properties in a research note on Tuesday, August 20th. StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 23rd. Barclays increased their price target on Cousins Properties from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 30th. Truist Financial lifted their price objective on Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Finally, Robert W. Baird increased their target price on Cousins Properties from $29.00 to $31.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Two research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $26.43.

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.