Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Xponance Inc.

Xponance Inc. raised its position in Cousins Properties Incorporated (NYSE:CUZ) by 17.6% in the 4th quarter, Holdings Channel reports. The fund owned 21,456 shares of the real estate investment trust’s stock after purchasing an additional 3,204 shares during the period. Xponance Inc.’s holdings in Cousins Properties were worth $657,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of 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 acquiring an additional 458,387 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Cousins Properties by 3.4% during 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 in the last quarter. Cerity Partners LLC purchased a new stake in Cousins Properties during the 3rd quarter worth approximately $584,000. Larson Financial Group LLC raised its position in shares of 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 purchasing an additional 438 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Cousins Properties by 6.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 50,776 shares of the real estate investment trust’s stock valued at $1,497,000 after buying an additional 3,299 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Down 0.9 %

Shares of NYSE CUZ opened at $30.08 on Wednesday. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 100.27, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. The stock’s 50 day simple moving average is $29.99 and its 200 day simple moving average is $30.23. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (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 year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.32 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.26%. Cousins Properties’s payout ratio is currently 426.67%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird cut their target price on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on Cousins Properties in a report on Monday, March 17th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, KeyCorp raised 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. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cousins Properties has an average rating of “Moderate Buy” and a consensus target price 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.