Legato Capital Management LLC Has $345,000 Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Legato Capital Management LLC cut its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 29.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,894 shares of the real estate investment trust’s stock after selling 6,352 shares during the period. Legato Capital Management LLC’s holdings in Cousins Properties were worth $345,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CUZ. State of Alaska Department of Revenue increased its stake in Cousins Properties by 0.6% during the 1st quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock worth $2,128,000 after acquiring an additional 486 shares during the period. Retirement Systems of Alabama increased its position in shares of Cousins Properties by 0.3% in the first quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust’s stock worth $4,582,000 after purchasing an additional 498 shares during the period. Treasurer of the State of North Carolina raised its stake in Cousins Properties by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 67,107 shares of the real estate investment trust’s stock valued at $1,634,000 after purchasing an additional 650 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Cousins Properties by 5.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 769 shares during the period. Finally, Truist Financial Corp grew its stake in Cousins Properties by 5.3% during the fourth quarter. Truist Financial Corp now owns 15,558 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 781 shares in the last quarter. 94.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CUZ. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Barclays boosted their price objective on shares of Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Robert W. Baird raised their target price on Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Evercore ISI reissued an “in-line” rating and set a $29.00 price target on shares of Cousins Properties in a report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.86.

Cousins Properties Price Performance

Shares of NYSE:CUZ traded up $0.14 during trading on Tuesday, hitting $28.14. 416,404 shares of the company were exchanged, compared to its average volume of 1,364,367. Cousins Properties Incorporated has a 1-year low of $17.40 and a 1-year high of $28.41. The company has a market capitalization of $4.28 billion, a P/E ratio of 57.16, a price-to-earnings-growth ratio of 4.62 and a beta of 1.30. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $25.17 and its 200-day moving average is $23.85.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The firm had revenue of $212.98 million during the quarter, compared to analyst estimates of $208.18 million. During the same period in the previous year, the company earned $2.75 EPS. Cousins Properties’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts forecast that Cousins Properties Incorporated will post 2.67 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Wednesday, July 3rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.28 annualized dividend and a yield of 4.55%. Cousins Properties’s dividend payout ratio is presently 261.22%.

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.