Proficio Capital Partners LLC purchased a new stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 23,623 shares of the real estate investment trust's stock, valued at approximately $724,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CUZ. Cbre Investment Management Listed Real Assets LLC grew its holdings in Cousins Properties by 270.0% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 351,729 shares of the real estate investment trust's stock valued at $10,777,000 after buying an additional 256,679 shares in the last quarter. Assetmark Inc. boosted its holdings in Cousins Properties by 15.3% in the 4th quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after purchasing an additional 794 shares during the period. Victory Capital Management Inc. grew its position in shares of Cousins Properties by 15.2% during the 4th quarter. Victory Capital Management Inc. now owns 78,011 shares of the real estate investment trust's stock worth $2,390,000 after purchasing an additional 10,283 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Cousins Properties by 7.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock worth $82,047,000 after purchasing an additional 189,411 shares during the period. Finally, State of Michigan Retirement System raised its position in shares of Cousins Properties by 9.4% in the fourth quarter. State of Michigan Retirement System now owns 39,544 shares of the real estate investment trust's stock valued at $1,212,000 after buying an additional 3,400 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.
Cousins Properties Price Performance
CUZ stock traded down $0.08 during trading on Wednesday, reaching $29.94. 826,430 shares of the company were exchanged, compared to its average volume of 1,201,467. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 99.78, a P/E/G ratio of 2.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The company has a 50-day moving average of $29.99 and a two-hundred day moving average of $30.23. Cousins Properties Incorporated has a twelve month low of $21.58 and a twelve month high of $32.55.
Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. As a group, equities analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.
Cousins Properties Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties's payout ratio is 426.67%.
Analysts Set New Price Targets
CUZ has been the topic of a number of recent research reports. Jefferies Financial Group initiated coverage on Cousins Properties in a research note on Monday, March 17th. They set a "buy" rating and a $35.00 price objective on the stock. KeyCorp upgraded Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target on the stock in a research report on Tuesday, December 17th. Barclays cut their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. BMO Capital Markets lowered shares of Cousins Properties from an "outperform" rating to a "market perform" rating and raised their target price for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. Finally, Truist Financial upped their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Cousins Properties presently has an average rating of "Moderate Buy" and a consensus target price of $32.89.
Check Out Our Latest Stock Report on Cousins Properties
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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