Cetera Trust Company N.A Invests $156,000 in Cousins Properties Incorporated (NYSE:CUZ)

Cetera Trust Company N.A bought a new position in Cousins Properties Incorporated (NYSE:CUZ) in the 4th quarter, Holdings Channel.com reports. The firm bought 6,425 shares of the real estate investment trust’s stock, valued at approximately $156,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gotham Asset Management LLC boosted its position in shares of Cousins Properties by 10.0% in the third quarter. Gotham Asset Management LLC now owns 53,547 shares of the real estate investment trust’s stock worth $1,091,000 after buying an additional 4,884 shares during the period. PGGM Investments boosted its position in shares of Cousins Properties by 2.6% in the third quarter. PGGM Investments now owns 2,046,403 shares of the real estate investment trust’s stock worth $41,685,000 after buying an additional 50,956 shares during the period. Jump Financial LLC purchased a new stake in shares of Cousins Properties in the third quarter worth about $1,538,000. Assenagon Asset Management S.A. boosted its holdings in Cousins Properties by 4.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 84,730 shares of the real estate investment trust’s stock valued at $2,063,000 after purchasing an additional 3,592 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in Cousins Properties by 31.0% in the third quarter. Kennedy Capital Management LLC now owns 235,515 shares of the real estate investment trust’s stock valued at $4,797,000 after purchasing an additional 55,783 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Up 0.9 %

NYSE:CUZ opened at $22.38 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $23.09 and its two-hundred day moving average is $22.07. Cousins Properties Incorporated has a 52 week low of $17.40 and a 52 week high of $25.19. The company has a market cap of $3.40 billion, a PE ratio of 40.68, a P/E/G ratio of 5.99 and a beta of 1.27.

Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.53). Cousins Properties had a return on equity of 1.81% and a net margin of 10.33%. The firm had revenue of $197.00 million for the quarter, compared to the consensus estimate of $198.47 million. During the same period in the prior year, the business earned $0.66 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Cousins Properties Incorporated will post 2.61 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties’s dividend payout ratio is presently 232.73%.

Analysts Set New Price Targets

A number of brokerages recently commented on CUZ. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Truist Financial reduced their price target on Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Finally, Barclays reduced their price target on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.67.

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.