Cousins Properties Incorporated (NYSE:CUZ) Holdings Lifted by Quest Partners LLC

Quest Partners LLC increased its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 1,690.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,759 shares of the real estate investment trust's stock after purchasing an additional 27,153 shares during the quarter. Quest Partners LLC's holdings in Cousins Properties were worth $848,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CUZ. Blue Trust Inc. boosted its position 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 worth $36,000 after purchasing an additional 858 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Cousins Properties by 3,236.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 1,586 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in Cousins Properties in the 1st quarter worth about $43,000. Signaturefd LLC boosted its holdings in Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock worth $82,000 after buying an additional 651 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cousins Properties in the 2nd quarter worth about $115,000. Institutional investors own 94.38% of the company's stock.

Insiders Place Their Bets

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the business'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 transaction, the chief accounting officer now owns 12,529 shares in the company, valued at $352,440.77. The trade was a 32.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Cousins Properties Stock Performance

Shares of NYSE CUZ traded up $0.21 during midday trading on Friday, reaching $31.73. 893,415 shares of the company were exchanged, compared to its average volume of 1,303,356. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. Cousins Properties Incorporated has a 1 year low of $19.48 and a 1 year high of $32.44. The stock has a fifty day simple moving average of $30.35 and a 200 day simple moving average of $26.85. The stock has a market cap of $4.83 billion, a P/E ratio of 96.30, a PEG ratio of 4.12 and a beta of 1.29.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.60). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The firm had revenue of $209.21 million during the quarter, compared to analyst estimates of $212.54 million. During the same quarter in the previous year, the business earned $0.65 EPS. Cousins Properties's revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts forecast that Cousins Properties Incorporated will post 2.68 earnings per share for the current fiscal 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 4.03%. Cousins Properties's dividend payout ratio (DPR) is 387.88%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Evercore ISI boosted their target price on Cousins Properties from $29.00 to $30.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Barclays lifted their price target on shares of Cousins Properties from $30.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their price target on Cousins Properties from $31.00 to $34.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Truist Financial upped their price target on Cousins Properties from $26.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Finally, Robert W. Baird increased their price objective on Cousins Properties from $31.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Cousins Properties presently has an average rating of "Moderate Buy" and an average target price of $31.50.

About Cousins Properties

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.