Landscape Capital Management L.L.C. Sells 5,890 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Landscape Capital Management L.L.C. trimmed its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,525 shares of the real estate investment trust’s stock after selling 5,890 shares during the period. Landscape Capital Management L.L.C.’s holdings in Cousins Properties were worth $598,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Cousins Properties by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust’s stock valued at $759,936,000 after buying an additional 985,934 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Cousins Properties by 11.1% during the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock valued at $413,375,000 after acquiring an additional 1,350,352 shares during the last quarter. State Street Corp grew its stake in shares of Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after purchasing an additional 48,668 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in Cousins Properties by 11.7% during the 4th quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust’s stock valued at $171,612,000 after purchasing an additional 585,659 shares during the period. Finally, Geode Capital Management LLC raised its position in Cousins Properties by 7.3% during the 4th 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. 94.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Barclays reduced their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Jefferies Financial Group began coverage on shares of Cousins Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $35.00 target price for the company. Robert W. Baird reduced their price target on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Finally, KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.89.

Cousins Properties Trading Down 4.2 %

NYSE CUZ opened at $26.01 on Monday. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock’s fifty day moving average price is $29.72 and its 200-day moving average price is $30.22. The stock has a market cap of $4.37 billion, a P/E ratio of 86.70, a P/E/G ratio of 2.98 and a beta of 1.24.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating 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%. As a group, equities analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be given a $0.32 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.92%. Cousins Properties’s dividend payout ratio (DPR) is presently 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.