Alberta Investment Management Corp Buys New Shares in Cousins Properties Incorporated (NYSE:CUZ)

Alberta Investment Management Corp purchased a new position in shares of Cousins Properties Incorporated (NYSE:CUZ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 184,227 shares of the real estate investment trust’s stock, valued at approximately $5,645,000. Alberta Investment Management Corp owned 0.12% of Cousins Properties as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in Cousins Properties by 11.1% during the fourth 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. State Street Corp raised its stake in shares of Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock valued at $224,251,000 after acquiring an additional 48,668 shares during the last quarter. Geode Capital Management LLC raised 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 acquiring an additional 36,727 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Cousins Properties by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust’s stock valued at $73,357,000 after acquiring an additional 82,521 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Cousins Properties by 3,768.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after acquiring an additional 2,276,986 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

CUZ has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Barclays lowered their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. KeyCorp raised shares of 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. Finally, Truist Financial raised their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

Cousins Properties Trading Down 0.1 %

Shares of NYSE CUZ opened at $30.32 on Thursday. The company’s fifty day moving average is $30.28 and its 200-day moving average is $29.88. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 101.08, a P/E/G ratio of 3.85 and a beta of 1.29. Cousins Properties Incorporated has a twelve month low of $21.58 and a twelve month high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64.

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 for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Equities research analysts predict that Cousins Properties Incorporated will post 2.74 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were given a $0.32 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.22%. Cousins Properties’s dividend payout ratio is currently 426.67%.

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.