Victory Capital Management Inc. Buys 10,283 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Victory Capital Management Inc. increased its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,011 shares of the real estate investment trust's stock after purchasing an additional 10,283 shares during the quarter. Victory Capital Management Inc.'s holdings in Cousins Properties were worth $2,390,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its position in Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock worth $28,000 after buying an additional 869 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 395 shares during the period. Larson Financial Group LLC grew its stake in shares of Cousins Properties by 49.7% during 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 acquiring an additional 438 shares during the period. Quarry LP increased its holdings in Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock worth $117,000 after acquiring an additional 1,697 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in Cousins Properties during the 4th quarter worth approximately $142,000. 94.38% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on CUZ. Barclays dropped their price target 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. 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. Truist Financial boosted their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Finally, Robert W. Baird lowered their price target on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Cousins Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.89.

Cousins Properties Price Performance

NYSE:CUZ traded up $0.04 during trading hours on Thursday, reaching $29.83. The stock had a trading volume of 443,748 shares, compared to its average volume of 1,206,578. The stock has a market capitalization of $5.00 billion, a PE ratio of 99.86, a PEG ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The company has a 50 day moving average price of $29.92 and a two-hundred day moving average price of $30.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74.

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 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, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties's payout ratio is 426.67%.

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.