Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 160.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 534,923 shares of the real estate investment trust's stock after purchasing an additional 329,261 shares during the period. Sei Investments Co. owned about 0.34% of Cousins Properties worth $16,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CUZ. Principal Financial Group Inc. raised its stake in shares of Cousins Properties by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust's stock worth $357,910,000 after buying an additional 458,387 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Cousins Properties by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust's stock valued at $73,357,000 after purchasing an additional 82,521 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of Cousins Properties during the 3rd quarter worth about $584,000. Larson Financial Group LLC lifted its stake in Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 438 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Cousins Properties by 6.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 50,776 shares of the real estate investment trust's stock worth $1,497,000 after buying an additional 3,299 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages have commented on CUZ. BMO Capital Markets cut Cousins Properties from an "outperform" rating to a "market perform" rating and increased their target price for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Robert W. Baird decreased their price objective on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 target price for the company in a report on Tuesday, December 17th. Finally, Jefferies Financial Group initiated coverage on shares of Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price target on the stock. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Cousins Properties currently has an average rating of "Moderate Buy" and a consensus price target of $32.89.

Cousins Properties Trading Up 0.1 %

NYSE CUZ traded up $0.04 during trading hours on Wednesday, reaching $29.44. The company had a trading volume of 142,201 shares, compared to its average volume of 1,238,389. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The stock has a market capitalization of $4.94 billion, a P/E ratio of 97.93, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. The stock has a 50-day moving average of $29.89 and a 200 day moving average of $30.25. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating 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, research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties's dividend payout ratio is currently 426.67%.

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.