Russell Investments Group Ltd. Increases Stake in Cousins Properties Incorporated (NYSE:CUZ)

Russell Investments Group Ltd. grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,132,004 shares of the real estate investment trust’s stock after purchasing an additional 50,312 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.75% of Cousins Properties worth $25,787,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CUZ. Global Retirement Partners LLC increased its position in Cousins Properties by 250.6% during the 1st quarter. Global Retirement Partners LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 887 shares during the period. Belpointe Asset Management LLC boosted its position in shares of Cousins Properties by 104.9% during the first quarter. Belpointe Asset Management LLC now owns 1,348 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 690 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Cousins Properties in the first quarter worth $39,000. EverSource Wealth Advisors LLC raised its holdings in Cousins Properties by 4,392.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,797 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,757 shares in the last quarter. Finally, Covestor Ltd lifted its position in Cousins Properties by 89.2% during the first quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 495 shares during the period.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $20.07 on Tuesday. The firm’s 50 day simple moving average is $19.70 and its two-hundred day simple moving average is $21.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $3.05 billion, a P/E ratio of 33.59, a P/E/G ratio of 2.35 and a beta of 1.21. Cousins Properties Incorporated has a 1-year low of $17.40 and a 1-year high of $28.66.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Wednesday, October 4th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.38%. The ex-dividend date was Tuesday, October 3rd. Cousins Properties’s dividend payout ratio is currently 216.95%.

Analysts Set New Price Targets

CUZ has been the subject of several research reports. KeyCorp initiated coverage on shares of Cousins Properties in a research note on Monday, September 11th. They issued an “underweight” rating and a $19.00 price target for the company. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Truist Financial upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $27.00 to $28.00 in a research note on Friday, September 15th. Mizuho dropped their price target on shares of Cousins Properties from $22.00 to $19.00 and set an “underperform” rating on the stock in a report on Wednesday, October 18th. Finally, Barclays upped their price objective on Cousins Properties from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.20.

Cousins Properties Profile

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.