Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by LSV Asset Management

LSV Asset Management lifted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 50.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 576,963 shares of the real estate investment trust’s stock after buying an additional 194,214 shares during the quarter. LSV Asset Management’s holdings in Cousins Properties were worth $14,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PARK CIRCLE Co purchased a new stake in Cousins Properties in the 3rd quarter worth approximately $31,000. Cetera Trust Company N.A purchased a new stake in Cousins Properties during the fourth quarter worth $156,000. Van Lanschot Kempen Investment Management N.V. acquired a new stake in Cousins Properties during the third quarter valued at $173,000. Spirit of America Management Corp NY increased its holdings in Cousins Properties by 750.0% in the fourth 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 buying an additional 7,500 shares in the last quarter. Finally, Bailard Inc. acquired a new position in shares of Cousins Properties in the fourth quarter worth about $224,000. 94.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cousins Properties

In other news, CFO Gregg D. Adzema sold 71,097 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the transaction, the chief financial officer now directly owns 85,872 shares in the company, valued at approximately $2,001,676.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Cousins Properties Price Performance

NYSE:CUZ opened at $23.85 on Tuesday. The stock has a 50 day moving average of $23.07 and a two-hundred day moving average of $22.38. Cousins Properties Incorporated has a 12 month low of $17.40 and a 12 month high of $25.19. The firm has a market cap of $3.63 billion, a P/E ratio of 48.67, a price-to-earnings-growth ratio of 5.06 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.54). Cousins Properties had a net margin of 9.15% and a return on equity of 1.62%. The firm had revenue of $209.20 million during the quarter, compared to analyst estimates of $199.35 million. During the same period in the prior year, the company posted $0.65 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts expect that Cousins Properties Incorporated will post 2.63 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 5.37%. Cousins Properties’s payout ratio is presently 261.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial dropped their target price on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Barclays reduced their target price on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock 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.