FIL Ltd Purchases 643 Shares of Cousins Properties Incorporated (NYSE:CUZ)

FIL Ltd increased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 24.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,262 shares of the real estate investment trust’s stock after buying an additional 643 shares during the period. FIL Ltd’s holdings in Cousins Properties were worth $100,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CUZ. Principal Financial Group Inc. lifted its holdings in shares of Cousins Properties by 3.9% during the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock worth $357,910,000 after purchasing an additional 458,387 shares during the period. FMR LLC raised its position in Cousins Properties by 69.8% during the 3rd quarter. FMR LLC now owns 19,161 shares of the real estate investment trust’s stock worth $565,000 after purchasing an additional 7,877 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Cousins Properties by 8.2% during the 3rd quarter. HighTower Advisors LLC now owns 12,369 shares of the real estate investment trust’s stock worth $372,000 after buying an additional 933 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Cousins Properties by 172.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 33,275 shares of the real estate investment trust’s stock valued at $981,000 after buying an additional 21,066 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Cousins Properties by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock valued at $84,457,000 after buying an additional 36,727 shares during the period. 94.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CUZ shares. Jefferies Financial Group began coverage on Cousins Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $35.00 price objective on the stock. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Robert W. Baird decreased their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. StockNews.com lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Wednesday, April 9th. Finally, Barclays cut their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.70.

Cousins Properties Price Performance

CUZ stock opened at $26.42 on Tuesday. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.55. The stock has a market capitalization of $4.44 billion, a PE ratio of 88.07, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. The company’s 50-day moving average is $29.05 and its 200-day moving average is $30.01. 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 (NYSE:CUZ) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.84%. Cousins Properties’s payout ratio is 426.67%.

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.