Y Intercept Hong Kong Ltd bought a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,552 shares of the real estate investment trust's stock, valued at approximately $722,000.
Several other hedge funds also recently bought and sold shares of CUZ. Massachusetts Financial Services Co. MA boosted its stake in 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 worth $68,907,000 after buying an additional 2,276,986 shares during the period. Rush Island Management LP purchased a new position in Cousins Properties during the third quarter worth about $46,393,000. Principal Financial Group Inc. boosted its stake in Cousins Properties by 11.1% during the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock worth $413,375,000 after buying an additional 1,350,352 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cousins Properties by 411.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust's stock worth $32,823,000 after buying an additional 895,917 shares during the period. Finally, Wellington Management Group LLP purchased a new position in Cousins Properties during the third quarter worth about $20,276,000. Hedge funds and other institutional investors own 94.38% of the company's stock.
Several research analysts have recently commented on CUZ shares. Wells Fargo & Company raised their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Mizuho raised shares of Cousins Properties from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Jefferies Financial Group raised shares of Cousins Properties from a "hold" rating to a "buy" rating and raised their price objective for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. Barclays lowered their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Truist Financial raised their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.
Read Our Latest Stock Analysis on Cousins Properties
Shares of NYSE:CUZ opened at $30.35 on Friday. The firm's 50 day moving average price is $30.25 and its 200 day moving average price is $29.99. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 101.15, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. 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 - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates 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, equities research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.22%. Cousins Properties's payout ratio is currently 426.67%.
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.
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