Cousins Properties Incorporated (NYSE:CUZ) Shares Bought by Capital Investment Advisors LLC

Capital Investment Advisors LLC boosted its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 17.6% in the fourth quarter, HoldingsChannel reports. The firm owned 384,983 shares of the real estate investment trust’s stock after purchasing an additional 57,707 shares during the quarter. Capital Investment Advisors LLC’s holdings in Cousins Properties were worth $11,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC raised its holdings 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 valued at $39,000 after buying an additional 438 shares during the last quarter. Signaturefd LLC boosted its position in Cousins Properties by 30.8% during the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 651 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cousins Properties in the second quarter worth $115,000. Quarry LP increased its holdings in shares of Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 1,697 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Cousins Properties by 168.0% during the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 2,543 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Stock Performance

Shares of Cousins Properties stock traded down $0.09 during trading on Monday, reaching $28.42. The company’s stock had a trading volume of 179,257 shares, compared to its average volume of 1,196,065. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The business’s fifty day moving average price is $30.76 and its 200-day moving average price is $28.78. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 86.12, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The firm had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, equities research analysts predict that Cousins Properties Incorporated will post 2.68 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Friday, January 3rd. Cousins Properties’s dividend payout ratio is 387.88%.

Analysts Set New Price Targets

CUZ has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Cousins Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial upped their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Jefferies Financial Group raised Cousins Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. Robert W. Baird raised their price objective on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Evercore ISI boosted their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus target price of $33.22.

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.