Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Cousins Properties Incorporated (NYSE:CUZ – Free Report) in the first quarter, Holdings Channel reports. The institutional investor bought 23,857 shares of the real estate investment trust’s stock, valued at approximately $538,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Cousins Properties by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock valued at $332,310,000 after buying an additional 419,911 shares in the last quarter. Resolution Capital Ltd increased its stake in Cousins Properties by 0.6% in the second quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock valued at $177,754,000 after acquiring an additional 33,097 shares during the period. Centersquare Investment Management LLC increased its stake in Cousins Properties by 3.2% in the fourth quarter. Centersquare Investment Management LLC now owns 5,847,176 shares of the real estate investment trust’s stock valued at $150,740,000 after acquiring an additional 179,036 shares during the period. Alyeska Investment Group L.P. raised its position in Cousins Properties by 308.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock worth $133,422,000 after purchasing an additional 3,909,740 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Cousins Properties by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,448,764 shares of the real estate investment trust’s stock worth $88,924,000 after purchasing an additional 47,633 shares in the last quarter. 94.38% of the stock is owned by institutional investors.
Cousins Properties Stock Performance
NYSE:CUZ opened at $31.77 on Friday. Cousins Properties Incorporated has a 1 year low of $21.03 and a 1 year high of $32.35. The firm has a 50 day moving average of $28.51 and a 200-day moving average of $25.78. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $5.23 billion, a P/E ratio of -1,058.48, a price-to-earnings-growth ratio of 2.35 and a beta of 1.19.
Cousins Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, July 6th. Cousins Properties’s dividend payout ratio is presently -4,266.67%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on CUZ shares. Evercore reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Cousins Properties in a report on Monday, July 6th. Wall Street Zen raised Cousins Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Truist Financial boosted their price target on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Finally, Wells Fargo & Company upped their price target on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Cousins Properties has an average rating of “Moderate Buy” and a consensus price target of $29.82.
Get Our Latest Stock Report on CUZ
Cousins Properties Profile
Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.
Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.
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