International Assets Investment Management LLC Buys Shares of 29,277 Cousins Properties Incorporated (NYSE:CUZ)

International Assets Investment Management LLC acquired a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29,277 shares of the real estate investment trust's stock, valued at approximately $863,000.

A number of other large investors have also modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 858 shares during the period. Versant Capital Management Inc raised its holdings in Cousins Properties by 3,236.7% in the second quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 1,586 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of Cousins Properties in the 1st quarter valued at $43,000. Signaturefd LLC increased its position in shares of Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 651 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cousins Properties during the 2nd quarter worth $115,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CUZ. Truist Financial raised their target price on shares of Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, August 30th. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a research note on Monday. Barclays lifted their price target on shares of Cousins Properties from $30.00 to $35.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Wells Fargo & Company upped their target price on Cousins Properties from $31.00 to $34.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Evercore ISI raised their price objective on shares of Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $31.50.

Insiders Place Their Bets

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 shares were sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the transaction, the chief accounting officer now owns 12,529 shares of the company's stock, valued at approximately $352,440.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Cousins Properties Stock Performance

Cousins Properties stock traded up $0.24 during midday trading on Tuesday, reaching $31.06. 747,843 shares of the company traded hands, compared to its average volume of 1,299,910. The business has a 50 day moving average of $29.63 and a two-hundred day moving average of $26.15. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 93.39, a price-to-earnings-growth ratio of 4.54 and a beta of 1.29. Cousins Properties Incorporated has a 12 month low of $17.85 and a 12 month high of $32.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.60). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The company had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. During the same period last year, the company earned $0.65 EPS. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research analysts predict that Cousins Properties Incorporated will post 2.67 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.12%. Cousins Properties's dividend payout ratio is presently 387.88%.

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.