Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp lifted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 14.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 45,985 shares of the real estate investment trust’s stock after acquiring an additional 5,778 shares during the quarter. Cibc World Markets Corp’s holdings in Cousins Properties were worth $1,409,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets lowered Cousins Properties from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Robert W. Baird decreased their target price on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Barclays cut their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Truist Financial lifted their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.89.

Cousins Properties Price Performance

CUZ stock opened at $29.61 on Friday. The business has a 50 day moving average price of $29.95 and a 200 day moving average price of $30.17. 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 $4.97 billion, a price-to-earnings ratio of 98.70, a PEG ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Thursday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is currently 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.