Marshall Wace LLP Grows Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Marshall Wace LLP grew its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 92.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 853,456 shares of the real estate investment trust's stock after buying an additional 410,726 shares during the period. Marshall Wace LLP owned 0.56% of Cousins Properties worth $19,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of 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 buying an additional 456,251 shares during the last quarter. Centersquare Investment Management LLC lifted its position in Cousins Properties by 8.9% in the first quarter. Centersquare Investment Management LLC now owns 4,898,757 shares of the real estate investment trust's stock valued at $112,377,000 after acquiring an additional 399,468 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake 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 acquiring an additional 916,508 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cousins Properties by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,214,595 shares of the real estate investment trust's stock worth $51,266,000 after purchasing an additional 98,222 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Cousins Properties by 75.6% during the first 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. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Performance

CUZ traded down $0.23 during trading on Friday, hitting $29.28. The stock had a trading volume of 840,317 shares, compared to its average volume of 1,348,234. The firm has a market capitalization of $4.45 billion, a P/E ratio of 59.77, a PEG ratio of 4.90 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. Cousins Properties Incorporated has a twelve month low of $17.40 and a twelve month high of $30.50. The company's 50-day moving average price is $27.82 and its 200 day moving average price is $24.79.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (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 firm had revenue of $212.98 million for the quarter, compared to analysts' expectations of $208.18 million. During the same period in the prior year, the company earned $2.75 earnings per share. The company's revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Cousins Properties Incorporated will post 2.67 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd will be paid a $0.32 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.37%. Cousins Properties's dividend payout ratio (DPR) is presently 261.22%.

Insider Buying and Selling

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the sale, the chief accounting officer now owns 12,529 shares of the company's stock, valued at $352,440.77. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CUZ has been the topic of a number of research reports. Robert W. Baird raised their price target on Cousins Properties from $29.00 to $31.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Truist Financial increased their price objective on Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a report on Friday, August 30th. Evercore ISI lifted their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Barclays increased their price target on shares of Cousins Properties from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company raised their price objective on shares of Cousins Properties from $26.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.29.

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.