ExodusPoint Capital Management LP Has $35.85 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

ExodusPoint Capital Management LP raised its stake in Cousins Properties Incorporated (NYSE:CUZ) by 181.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,170,067 shares of the real estate investment trust’s stock after buying an additional 753,757 shares during the period. ExodusPoint Capital Management LP owned 0.74% of Cousins Properties worth $35,851,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its stake in shares of Cousins Properties by 1,609.3% during the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 869 shares in the last quarter. UMB Bank n.a. raised its position 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 purchasing an additional 395 shares during the last quarter. Quarry LP lifted its holdings in Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,697 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Cousins Properties by 473.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 3,551 shares during the period. Finally, BankPlus Trust Department acquired a new stake in shares of Cousins Properties in the fourth quarter valued at about $142,000. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Price Performance

CUZ stock opened at $29.52 on Thursday. 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 $4.96 billion, a PE ratio of 98.40, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. The company’s 50-day moving average is $29.87 and its 200-day moving average is $30.25. 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 data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating 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%. 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 4.34%. Cousins Properties’s payout ratio is 426.67%.

Analyst Ratings Changes

CUZ has been the topic of several analyst reports. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and upped their target price for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research note on Tuesday, December 17th. Robert W. Baird cut their price target on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Finally, Truist Financial lifted 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.89.

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.