ExodusPoint Capital Management LP Buys 753,757 Shares of Cousins Properties Incorporated (NYSE:CUZ)

ExodusPoint Capital Management LP lifted its position in Cousins Properties Incorporated (NYSE:CUZ) by 181.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,170,067 shares of the real estate investment trust’s stock after acquiring an additional 753,757 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Cousins Properties were worth $35,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CUZ. GSI Capital Advisors LLC grew its position in Cousins Properties by 11.3% in the 4th quarter. GSI Capital Advisors LLC now owns 196,934 shares of the real estate investment trust’s stock worth $6,034,000 after purchasing an additional 19,994 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Cousins Properties by 23.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,875,490 shares of the real estate investment trust’s stock worth $88,105,000 after purchasing an additional 538,074 shares during the period. Geode Capital Management LLC lifted its stake in Cousins Properties by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust’s stock valued at $94,160,000 after purchasing an additional 208,044 shares during the last quarter. Franklin Resources Inc. lifted its stake in Cousins Properties by 16.9% in the fourth quarter. Franklin Resources Inc. now owns 309,897 shares of the real estate investment trust’s stock valued at $9,495,000 after purchasing an additional 44,772 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Cousins Properties by 5.2% during the fourth quarter. Alliancebernstein L.P. now owns 231,236 shares of the real estate investment trust’s stock valued at $7,085,000 after purchasing an additional 11,418 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Up 0.4 %

CUZ stock opened at $29.52 on Thursday. The company has a market capitalization of $4.96 billion, a PE ratio of 98.40, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. The company’s 50 day moving average price is $29.87 and its two-hundred day moving average price is $30.25.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping 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%. As a group, analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Analyst Ratings Changes

A number of brokerages have recently commented 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 price target on the stock. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a research note on Tuesday, December 17th. Robert W. Baird reduced their price target on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.89.

About Cousins Properties

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.