Capital Investment Advisors LLC Raises Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Capital Investment Advisors LLC lifted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 384,983 shares of the real estate investment trust’s stock after buying an additional 57,707 shares during the quarter. Capital Investment Advisors LLC owned approximately 0.24% of Cousins Properties worth $11,796,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in Cousins Properties by 3.9% during the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock worth $357,910,000 after buying an additional 458,387 shares in the last quarter. State Street Corp raised its position in shares of Cousins Properties by 0.6% during the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock valued at $224,251,000 after buying an additional 48,668 shares during the period. Geode Capital Management LLC increased its stake in Cousins Properties by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after acquiring an additional 36,727 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Cousins Properties by 3.4% in the 3rd 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 purchasing an additional 82,521 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Cousins Properties by 3,768.0% during 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 and hedge funds own 94.38% of the company’s stock.

Cousins Properties Trading Down 0.3 %

Shares of CUZ traded down $0.09 during mid-day trading on Monday, reaching $28.42. The company had a trading volume of 179,257 shares, compared to its average volume of 1,196,065. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. The firm has a fifty day simple moving average of $30.76 and a 200-day simple moving average of $28.78. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 86.12, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm had revenue of $209.21 million for the quarter, compared to analysts’ expectations of $212.54 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.68 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd will be issued a $0.32 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.50%. Cousins Properties’s dividend payout ratio is currently 387.88%.

Analysts Set New Price Targets

Several research firms recently issued reports on CUZ. BMO Capital Markets lowered Cousins Properties from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Robert W. Baird boosted their price objective on Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Evercore ISI raised their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Truist Financial increased their target price on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Cousins Properties has a consensus rating of “Moderate Buy” and a consensus target price of $33.22.

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.