Wealthfront Advisers LLC Acquires New Shares in Cousins Properties Incorporated (NYSE:CUZ)

Wealthfront Advisers LLC bought a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 104,885 shares of the real estate investment trust’s stock, valued at approximately $3,214,000. Wealthfront Advisers LLC owned about 0.07% of Cousins Properties at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CUZ. Arizona State Retirement System increased its stake in shares of Cousins Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust’s stock valued at $1,353,000 after buying an additional 366 shares during the period. UMB Bank n.a. grew its holdings in Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 395 shares during the last quarter. Larson Financial Group LLC increased its position in Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 438 shares during the period. Pacer Advisors Inc. raised its stake in shares of Cousins Properties by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust’s stock valued at $695,000 after acquiring an additional 485 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Cousins Properties by 15.3% during the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 794 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Down 2.9 %

Cousins Properties stock opened at $28.08 on Friday. The company has a market capitalization of $4.71 billion, a PE ratio of 93.61, a PEG ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. The firm’s fifty day moving average is $30.03 and its 200 day moving average is $30.14. 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 data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. As a group, sell-side analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.56%. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CUZ. BMO Capital Markets downgraded Cousins Properties from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. Truist Financial raised their price objective on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price on the stock in a report on Tuesday, December 17th. StockNews.com lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Finally, Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

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.