Proficio Capital Partners LLC acquired a new position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,623 shares of the real estate investment trust's stock, valued at approximately $724,000.
Several other large investors also recently made changes to their positions in the business. US Bancorp DE grew its holdings in Cousins Properties by 5.4% during the 3rd quarter. US Bancorp DE now owns 18,904 shares of the real estate investment trust's stock worth $557,000 after acquiring an additional 976 shares during the last quarter. Van ECK Associates Corp boosted its position in Cousins Properties by 10.7% in the 3rd quarter. Van ECK Associates Corp now owns 29,043 shares of the real estate investment trust's stock valued at $908,000 after buying an additional 2,800 shares during the last quarter. Principal Financial Group Inc. boosted its position in Cousins Properties by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust's stock valued at $357,910,000 after buying an additional 458,387 shares during the last quarter. Assetmark Inc. increased its stake in shares of Cousins Properties by 19,163.0% in the 3rd quarter. Assetmark Inc. now owns 5,201 shares of the real estate investment trust's stock valued at $153,000 after buying an additional 5,174 shares during the period. Finally, Atria Investments Inc bought a new stake in shares of Cousins Properties during the third quarter worth $208,000. Institutional investors own 94.38% of the company's stock.
Cousins Properties Trading Up 2.2 %
Cousins Properties stock traded up $0.62 during mid-day trading on Wednesday, hitting $28.83. 1,557,102 shares of the company's stock were exchanged, compared to its average volume of 1,352,230. The company's 50 day simple moving average is $30.07 and its 200-day simple moving average is $30.15. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $4.83 billion, a P/E ratio of 96.09, a PEG ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55.
Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. On average, equities analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.
Cousins Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Friday, January 3rd. Cousins Properties's dividend payout ratio (DPR) is presently 426.67%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Barclays lowered their price objective on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Robert W. Baird lowered their price target on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. BMO Capital Markets lowered shares of Cousins Properties from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. Jefferies Financial Group raised shares of Cousins Properties from a "hold" rating to a "buy" rating and raised their price objective for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. Finally, StockNews.com cut shares of Cousins Properties from a "hold" rating to a "sell" rating in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.00.
Read Our Latest Analysis on CUZ
About Cousins Properties
(
Free Report)
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.
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