10,215 Shares in Cousins Properties Incorporated (NYSE:CUZ) Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd bought a new stake in Cousins Properties Incorporated (NYSE:CUZ) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,215 shares of the real estate investment trust’s stock, valued at approximately $313,000.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in shares of Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 869 shares during the last quarter. UMB Bank n.a. grew its stake in 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 acquiring an additional 395 shares during the period. CIBC Private Wealth Group LLC raised its holdings in 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 valued at $127,000 after acquiring an additional 3,551 shares during the last quarter. BankPlus Trust Department purchased a new position in shares of Cousins Properties during the 4th quarter worth $142,000. Finally, Assetmark Inc. boosted its holdings in shares of Cousins Properties by 15.3% during the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 794 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Performance

NYSE:CUZ opened at $25.70 on Tuesday. The firm’s fifty day simple moving average is $29.61 and its 200 day simple moving average is $30.19. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties Incorporated has a twelve month low of $21.58 and a twelve month high of $32.55. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 85.67, a PEG ratio of 2.98 and a beta of 1.24.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data 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 return on equity of 1.00% and a net margin of 5.36%. As a group, equities research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is 426.67%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays reduced their target price on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a report on Tuesday, December 17th. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a research note on Monday, March 17th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Wolfe Research raised shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Monday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.70.

Cousins Properties Company 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.