USA Financial Formulas Purchases New Position in Cousins Properties Incorporated (NYSE:CUZ)

USA Financial Formulas acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,652 shares of the real estate investment trust's stock, valued at approximately $296,000.

A number of other large investors also recently made changes to their positions in CUZ. Larson Financial Group LLC boosted its position in shares of Cousins Properties by 49.7% during the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 438 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Cousins Properties by 2.2% during the second quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust's stock worth $545,000 after acquiring an additional 501 shares in the last quarter. Signaturefd LLC grew its stake in Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 651 shares during the period. M&T Bank Corp increased its holdings in shares of Cousins Properties by 1.5% in the third quarter. M&T Bank Corp now owns 57,779 shares of the real estate investment trust's stock worth $1,703,000 after acquiring an additional 870 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its position in shares of Cousins Properties by 1.3% during the second quarter. Liberty Mutual Group Asset Management Inc. now owns 68,848 shares of the real estate investment trust's stock worth $1,594,000 after purchasing an additional 882 shares during the period. Institutional investors and hedge funds own 94.38% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CUZ shares. Wells Fargo & Company increased their target price on Cousins Properties from $31.00 to $34.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Barclays boosted their price objective on shares of Cousins Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Monday. StockNews.com cut Cousins Properties from a "hold" rating to a "sell" rating in a report on Thursday, January 9th. Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Finally, KeyCorp upgraded Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price objective for the company in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.22.

Cousins Properties Stock Up 1.8 %

CUZ stock traded up $0.53 during mid-day trading on Friday, reaching $30.67. The company had a trading volume of 422,835 shares, compared to its average volume of 1,115,694. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 92.97, a PEG ratio of 3.67 and a beta of 1.29. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The stock has a 50 day simple moving average of $30.64 and a two-hundred day simple moving average of $28.89. 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 earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share 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 firm had revenue of $209.21 million during the quarter, compared to the consensus estimate of $212.54 million. During the same period in the prior year, the business posted $0.65 earnings per share. Cousins Properties's quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts predict 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, January 14th. Shareholders of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.17%. Cousins Properties's dividend payout ratio is 387.88%.

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.