Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,802,104 shares of the real estate investment trust’s stock after buying an additional 985,934 shares during the quarter. Vanguard Group Inc. owned 0.16% of Cousins Properties worth $759,936,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 869 shares during the last quarter. UMB Bank n.a. increased its stake in Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC raised its holdings in 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 worth $39,000 after buying an additional 438 shares during the period. Quarry LP lifted its stake in Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,697 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of Cousins Properties in the fourth quarter worth about $142,000. Institutional investors own 94.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Cousins Properties in a report on Monday, March 17th. They set a “buy” rating and a $35.00 price target on the stock. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and increased their target price for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Robert W. Baird lowered their price target on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a research report on Tuesday, December 17th. Finally, BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.89.

Cousins Properties Stock Down 0.4 %

Shares of Cousins Properties stock opened at $29.51 on Friday. The stock has a 50-day simple moving average of $29.95 and a 200-day simple moving average of $30.24. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 98.37, a P/E/G ratio of 2.98 and a beta of 1.28. 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 (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 net margin of 5.36% and a return on equity of 1.00%. On average, equities research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.34%. The ex-dividend date is Thursday, April 3rd. Cousins Properties’s payout ratio is 426.67%.

Cousins Properties 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.