Proficio Capital Partners LLC bought a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,623 shares of the real estate investment trust's stock, valued at approximately $724,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of 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 valued at $30,000 after acquiring an additional 395 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Cousins Properties by 49.7% during 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 acquiring an additional 438 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Cousins Properties by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock valued at $695,000 after acquiring an additional 485 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Cousins Properties by 1.5% during the 4th quarter. Yousif Capital Management LLC now owns 56,824 shares of the real estate investment trust's stock valued at $1,741,000 after acquiring an additional 829 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of Cousins Properties by 1.5% during the 3rd quarter. M&T Bank Corp now owns 57,779 shares of the real estate investment trust's stock valued at $1,703,000 after acquiring an additional 870 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.
NYSE:CUZ traded up $0.21 during mid-day trading on Friday, reaching $29.22. The company's stock had a trading volume of 1,505,369 shares, compared to its average volume of 1,318,629. The company's fifty day simple moving average is $30.15 and its two-hundred day simple moving average is $30.14. 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 Incorporated has a twelve month low of $21.58 and a twelve month high of $32.55. The stock has a market cap of $4.90 billion, a P/E ratio of 97.38, a P/E/G ratio of 2.98 and a beta of 1.28.
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, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. On average, equities analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current 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 $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.38%. The ex-dividend date was Friday, January 3rd. Cousins Properties's dividend payout ratio is presently 426.67%.
Several brokerages recently issued reports on CUZ. Barclays reduced their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group upgraded shares of Cousins Properties from a "hold" rating to a "buy" rating and boosted their price objective for the company from $33.00 to $36.00 in a report on Thursday, January 2nd. BMO Capital Markets lowered shares of Cousins Properties from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. KeyCorp upgraded shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price objective on the stock in a report on Tuesday, December 17th. Finally, Truist Financial boosted their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.00.
Read Our Latest Stock Analysis on Cousins Properties
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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