Duff & Phelps Investment Management Co. Grows Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Duff & Phelps Investment Management Co. grew its stake in Cousins Properties Incorporated (NYSE:CUZ) by 1.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,153,261 shares of the real estate investment trust’s stock after acquiring an additional 21,900 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Cousins Properties were worth $28,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PARK CIRCLE Co purchased a new stake in Cousins Properties during the 3rd quarter worth approximately $31,000. Cetera Trust Company N.A purchased a new stake in Cousins Properties during the 4th quarter worth approximately $156,000. Van Lanschot Kempen Investment Management N.V. purchased a new stake in Cousins Properties during the 3rd quarter worth approximately $173,000. Spirit of America Management Corp NY increased its position in shares of Cousins Properties by 750.0% in the 4th quarter. Spirit of America Management Corp NY now owns 8,500 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Cousins Properties in the 4th quarter valued at approximately $224,000. 94.38% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Stock Performance

Cousins Properties stock traded down $0.17 during trading hours on Tuesday, reaching $23.11. 416,660 shares of the stock were exchanged, compared to its average volume of 1,590,101. The firm’s 50 day moving average is $23.04 and its 200 day moving average is $22.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $3.51 billion, a P/E ratio of 47.46, a P/E/G ratio of 6.14 and a beta of 1.27. Cousins Properties Incorporated has a 52-week low of $17.40 and a 52-week high of $25.19.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). The company had revenue of $209.20 million during the quarter, compared to analysts’ expectations of $199.35 million. Cousins Properties had a net margin of 9.15% and a return on equity of 1.62%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. Analysts predict that Cousins Properties Incorporated will post 2.62 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 annualized dividend and a yield of 5.54%. Cousins Properties’s dividend payout ratio (DPR) is currently 261.22%.

Analysts Set New Price Targets

A number of brokerages have commented on CUZ. Barclays dropped their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 27th. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Truist Financial lowered their target price on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.67.

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.