Sei Investments Co. Buys 329,261 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Sei Investments Co. boosted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 160.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 534,923 shares of the real estate investment trust’s stock after buying an additional 329,261 shares during the period. Sei Investments Co.’s holdings in Cousins Properties were worth $16,390,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Cousins Properties by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock valued at $357,910,000 after purchasing an additional 458,387 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Cousins Properties by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust’s stock worth $73,357,000 after purchasing an additional 82,521 shares in the last quarter. Cerity Partners LLC purchased a new position in Cousins Properties during the third quarter valued at $584,000. Larson Financial Group LLC boosted its holdings in shares of 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 buying an additional 438 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Cousins Properties by 6.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 50,776 shares of the real estate investment trust’s stock worth $1,497,000 after buying an additional 3,299 shares during the period. 94.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CUZ has been the subject of a number of recent research reports. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research report on Tuesday, December 17th. Barclays lowered their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. BMO Capital Markets downgraded Cousins Properties from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Finally, 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.89.

Cousins Properties Stock Performance

Shares of CUZ opened at $29.51 on Friday. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 98.37, a P/E/G ratio of 2.98 and a beta of 1.28. The business’s fifty day simple moving average is $29.95 and its two-hundred day simple moving average is $30.23. 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.

Cousins Properties (NYSE:CUZ) last released 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 return on equity of 1.00% and a net margin of 5.36%. Research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be paid a $0.32 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.34%. Cousins Properties’s dividend payout ratio is presently 426.67%.

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.