Advisory Resource Group Trims Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Advisory Resource Group cut its stake in Cousins Properties Incorporated (NYSE:CUZ) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,536 shares of the real estate investment trust’s stock after selling 543 shares during the quarter. Advisory Resource Group’s holdings in Cousins Properties were worth $252,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers grew its position in shares of Cousins Properties by 4.9% in the fourth quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust’s stock valued at $14,304,000 after purchasing an additional 21,939 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Cousins Properties by 7.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust’s stock valued at $82,047,000 after buying an additional 189,411 shares during the period. Van ECK Associates Corp boosted its stake in Cousins Properties by 24.5% during the fourth quarter. Van ECK Associates Corp now owns 36,162 shares of the real estate investment trust’s stock valued at $1,108,000 after buying an additional 7,119 shares during the period. Vert Asset Management LLC bought a new stake in Cousins Properties during the first quarter valued at $2,026,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cousins Properties by 11.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,238,792 shares of the real estate investment trust’s stock valued at $37,957,000 after buying an additional 125,389 shares during the period. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CUZ has been the subject of several research analyst reports. Robert W. Baird dropped their price objective on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Jefferies Financial Group initiated coverage on Cousins Properties in a research note on Monday, March 17th. They set a “buy” rating and a $35.00 price objective for the company. Evercore ISI lifted their price objective on Cousins Properties from $30.00 to $31.00 and gave the company an “in-line” rating in a research note on Monday, May 19th. Wells Fargo & Company dropped their price target on Cousins Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Finally, Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.20.

Cousins Properties Trading Up 1.0%

Shares of CUZ stock opened at $30.50 on Thursday. Cousins Properties Incorporated has a 12-month low of $22.16 and a 12-month high of $32.55. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $28.05 and a two-hundred day moving average price of $29.18. The firm has a market cap of $5.12 billion, a P/E ratio of 92.43, a price-to-earnings-growth ratio of 2.82 and a beta of 1.32.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The business had revenue of $6.81 million for the quarter, compared to analysts’ expectations of $238.49 million. During the same period in the previous year, the firm earned $0.65 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. Equities analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, July 7th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.20%. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

About Cousins Properties

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.