Centersquare Investment Management LLC Has $171.61 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Centersquare Investment Management LLC raised its position in Cousins Properties Incorporated (NYSE:CUZ) by 11.7% during the 4th quarter, HoldingsChannel reports. The fund owned 5,600,905 shares of the real estate investment trust’s stock after buying an additional 585,659 shares during the quarter. Cousins Properties comprises about 1.8% of Centersquare Investment Management LLC’s portfolio, making the stock its 23rd largest holding. Centersquare Investment Management LLC’s holdings in Cousins Properties were worth $171,612,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Cousins Properties by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust’s stock worth $759,936,000 after purchasing an additional 985,934 shares in the last quarter. Principal Financial Group Inc. lifted its position in Cousins Properties by 11.1% during the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock worth $413,375,000 after buying an additional 1,350,352 shares in the last quarter. State Street Corp lifted its position in Cousins Properties by 0.6% during the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after buying an additional 48,668 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 worth $94,160,000 after buying an additional 208,044 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew 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 valued at $88,105,000 after acquiring an additional 538,074 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Price Performance

Shares of CUZ opened at $27.19 on Friday. The company’s 50-day moving average is $29.81 and its 200-day moving average is $30.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $4.56 billion, a PE ratio of 90.62, 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 released its quarterly earnings results 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 net margin of 5.36% and a return on equity of 1.00%. Equities analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.71%. Cousins Properties’s payout ratio is currently 426.67%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird dropped their target price on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Truist Financial upped their price objective on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $35.00 target price for the company. KeyCorp raised 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 report on Tuesday, December 17th. Finally, StockNews.com raised 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.