Asset Dedication LLC raised its position in Cousins Properties Inc (NYSE:CUZ) by 46.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,545 shares of the real estate investment trust’s stock after buying an additional 488 shares during the quarter. Asset Dedication LLC’s holdings in Cousins Properties were worth $58,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Duff & Phelps Investment Management Co. increased its stake in Cousins Properties by 0.8% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,180,125 shares of the real estate investment trust’s stock valued at $81,951,000 after buying an additional 16,999 shares during the period. Prudential Financial Inc. increased its stake in Cousins Properties by 79.8% in the 2nd quarter. Prudential Financial Inc. now owns 1,280,817 shares of the real estate investment trust’s stock valued at $46,328,000 after buying an additional 568,285 shares during the period. Scout Investments Inc. increased its stake in Cousins Properties by 0.9% in the 3rd quarter. Scout Investments Inc. now owns 1,103,221 shares of the real estate investment trust’s stock valued at $41,470,000 after buying an additional 9,854 shares during the period. D. E. Shaw & Co. Inc. increased its stake in Cousins Properties by 6,428.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 983,900 shares of the real estate investment trust’s stock valued at $35,588,000 after buying an additional 968,829 shares during the period. Finally, Schroder Investment Management Group acquired a new position in shares of Cousins Properties during the 2nd quarter worth $20,431,000. 93.99% of the stock is currently owned by institutional investors.
NYSE:CUZ opened at $37.40 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.42. Cousins Properties Inc has a fifty-two week low of $30.12 and a fifty-two week high of $40.40. The stock has a market cap of $5.49 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 3.75 and a beta of 0.90. The firm’s fifty day simple moving average is $36.29 and its 200-day simple moving average is $25.79.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Cousins Properties had a return on equity of 1.71% and a net margin of 10.61%. The company had revenue of $134.93 million for the quarter, compared to analyst estimates of $150.56 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. Equities analysts anticipate that Cousins Properties Inc will post 2.9 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. Cousins Properties’s dividend payout ratio (DPR) is presently 46.03%.
CUZ has been the topic of a number of recent analyst reports. Wells Fargo & Co raised shares of Cousins Properties from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $38.00 to $42.00 in a research note on Thursday, September 19th. Zacks Investment Research cut shares of Cousins Properties from a “hold” rating to a “sell” rating and set a $39.00 price target on the stock. in a research note on Thursday, September 12th. Finally, ValuEngine cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.
Cousins Properties Profile
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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