Burkehill Global Management LP Takes Position in Cousins Properties Incorporated (NYSE:CUZ)

Burkehill Global Management LP bought a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 400,000 shares of the real estate investment trust’s stock, valued at approximately $12,256,000. Cousins Properties comprises about 1.2% of Burkehill Global Management LP’s investment portfolio, making the stock its 28th largest holding. Burkehill Global Management LP owned about 0.25% of Cousins Properties as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CUZ. Jones Financial Companies Lllp boosted its position 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 valued at $28,000 after buying an additional 869 shares during the period. UMB Bank n.a. lifted 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 valued at $30,000 after acquiring an additional 395 shares during 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% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 1,697 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in Cousins Properties in the 4th quarter worth approximately $142,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Up 2.3 %

Shares of CUZ opened at $28.87 on Thursday. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year 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 firm’s 50-day moving average price is $30.07 and its 200-day moving average price is $30.15. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 96.23, a PEG ratio of 2.98 and a beta of 1.28.

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

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.43%. Cousins Properties’s payout ratio is currently 426.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Jefferies Financial Group raised Cousins Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. Barclays dropped their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Truist Financial raised their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. StockNews.com downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Finally, Robert W. Baird cut 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.00.

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.