Y Intercept Hong Kong Ltd Purchases New Shares in Cousins Properties Incorporated (NYSE:CUZ)

Y Intercept Hong Kong Ltd purchased a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,552 shares of the real estate investment trust's stock, valued at approximately $722,000.

Several other large investors have also modified their holdings of the stock. Handelsbanken Fonder AB lifted its position in shares of Cousins Properties by 6.6% during the fourth quarter. Handelsbanken Fonder AB now owns 39,020 shares of the real estate investment trust's stock worth $1,196,000 after purchasing an additional 2,400 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in Cousins Properties during the fourth quarter worth about $5,645,000. New York State Common Retirement Fund raised its stake in Cousins Properties by 2.6% during the fourth quarter. New York State Common Retirement Fund now owns 389,150 shares of the real estate investment trust's stock worth $11,924,000 after acquiring an additional 9,783 shares during the period. Sanctuary Advisors LLC raised its stake in Cousins Properties by 5.9% during the fourth quarter. Sanctuary Advisors LLC now owns 33,525 shares of the real estate investment trust's stock worth $1,016,000 after acquiring an additional 1,865 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Cousins Properties by 11.1% during the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock worth $413,375,000 after acquiring an additional 1,350,352 shares during the period. Institutional investors own 94.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CUZ shares. Jefferies Financial Group upgraded shares of Cousins Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, January 2nd. Truist Financial increased their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Mizuho upgraded shares of Cousins Properties from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Wells Fargo & Company increased their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Finally, KeyCorp upgraded shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target on the stock in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Cousins Properties currently has an average rating of "Moderate Buy" and an average price target of $33.00.

Cousins Properties Price Performance

Shares of NYSE CUZ traded down $0.28 during mid-day trading on Monday, reaching $30.05. 1,112,091 shares of the company traded hands, compared to its average volume of 1,324,475. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. 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 firm has a market cap of $5.04 billion, a PE ratio of 100.17, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. The stock has a fifty day simple moving average of $30.25 and a 200-day simple moving average of $30.06.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties's payout ratio is 426.67%.

Cousins Properties 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.