USA Financial Formulas Buys 1,873 Shares of Cousins Properties Incorporated (NYSE:CUZ)

USA Financial Formulas grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 19.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,525 shares of the real estate investment trust’s stock after purchasing an additional 1,873 shares during the period. USA Financial Formulas’ holdings in Cousins Properties were worth $340,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of Cousins Properties by 1,609.3% during the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 869 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Cousins Properties during the 4th quarter valued at about $85,000. FIL Ltd boosted its stake in shares of Cousins Properties by 24.6% during the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 643 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Cousins Properties by 473.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 3,551 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Cousins Properties by 9.4% during the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 375 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Up 2.2%

CUZ opened at $30.33 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average price of $27.53 and a 200-day moving average price of $29.23. Cousins Properties Incorporated has a twelve month low of $22.16 and a twelve month high of $32.55. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 101.08, a PEG ratio of 2.98 and a beta of 1.32.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The firm had revenue of $6.81 million during the quarter, compared to analysts’ expectations of $238.49 million. During the same period in the previous year, the company earned $0.65 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.22%. Cousins Properties’s payout ratio is 387.88%.

Wall Street Analyst Weigh In

CUZ has been the subject of a number of recent research reports. Truist Financial lowered their price target on shares of Cousins Properties from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Wolfe Research raised shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Monday, April 7th. Wells Fargo & Company lowered their price target on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a research report on Monday, March 17th. They set a “buy” rating and a $35.00 price target for the company. Finally, Robert W. Baird lowered their price target on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.20.

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.