Cousins Properties Incorporated (NYSE:CUZ) Holdings Raised by Point72 Asset Management L.P.

Point72 Asset Management L.P. grew its position in Cousins Properties Incorporated (NYSE:CUZ) by 1,380.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 439,800 shares of the real estate investment trust’s stock after buying an additional 410,100 shares during the period. Point72 Asset Management L.P.’s holdings in Cousins Properties were worth $13,475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CUZ. Jones Financial Companies Lllp boosted its position in 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 during the period. UMB Bank n.a. raised its stake in shares of 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 buying an additional 395 shares in the last quarter. FIL Ltd raised its stake in shares of Cousins Properties by 24.6% in the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 643 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Cousins Properties by 473.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 3,551 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Cousins Properties by 9.4% in the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CUZ. Jefferies Financial Group initiated coverage on Cousins Properties in a research report on Monday, March 17th. They set a “buy” rating and a $35.00 target price on the stock. Wolfe Research upgraded Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Monday, April 7th. Robert W. Baird lowered their target price on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Barclays decreased their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus price target of $32.70.

Cousins Properties Trading Up 0.6%

Cousins Properties stock opened at $28.68 on Friday. The business has a 50 day moving average price of $27.93 and a two-hundred day moving average price of $29.58. 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 stock has a market cap of $4.81 billion, a price-to-earnings ratio of 95.58, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34. Cousins Properties Incorporated has a 12 month low of $22.01 and a 12 month high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The business had revenue of $6.81 million during the quarter, compared to analysts’ expectations of $238.49 million. During the same period in the prior year, the firm posted $0.65 EPS. Cousins Properties’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 dividend on an annualized basis and a yield of 4.46%. Cousins Properties’s dividend payout ratio is 387.88%.

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.