Kennedy Capital Management LLC Has $3.64 Million Stake in Cousins Properties Incorporated (NYSE:CUZ)

Kennedy Capital Management LLC cut its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,746 shares of the real estate investment trust’s stock after selling 17,113 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.08% of Cousins Properties worth $3,638,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CUZ. Vanguard Group Inc. boosted its holdings in Cousins Properties by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust’s stock valued at $759,936,000 after acquiring an additional 985,934 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Cousins Properties by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock worth $413,375,000 after purchasing an additional 1,350,352 shares during the period. APG Asset Management US Inc. boosted its stake in shares of Cousins Properties by 0.3% in the 4th quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust’s stock valued at $240,625,000 after purchasing an additional 19,657 shares during the last quarter. Centersquare Investment Management LLC increased its position in shares of Cousins Properties by 11.7% during the fourth quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust’s stock worth $171,612,000 after buying an additional 585,659 shares during the period. Finally, Geode Capital Management LLC raised its stake in Cousins Properties by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust’s stock worth $94,160,000 after buying an additional 208,044 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Up 0.6 %

NYSE:CUZ opened at $26.08 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. The company has a market cap of $4.38 billion, a PE ratio of 86.93, a PEG ratio of 2.98 and a beta of 1.24. The firm has a 50-day moving average of $29.13 and a 200-day moving average of $30.03.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, equities research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.91%. The ex-dividend date is Thursday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CUZ. KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a report on Tuesday, December 17th. Truist Financial raised their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Barclays dropped their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Jefferies Financial Group assumed coverage on shares of Cousins Properties in a research report on Monday, March 17th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Wolfe Research upgraded shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cousins Properties has a consensus rating of “Moderate Buy” and an average target price of $32.70.

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.