2,857 Shares in Cousins Properties Incorporated (NYSE:CUZ) Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC bought a new position in Cousins Properties Incorporated (NYSE:CUZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,857 shares of the real estate investment trust’s stock, valued at approximately $65,000.

A number of other hedge funds have also modified their holdings of the stock. HighTower Advisors LLC boosted its position in shares of Cousins Properties by 24.3% in the first quarter. HighTower Advisors LLC now owns 8,349 shares of the real estate investment trust’s stock worth $336,000 after buying an additional 1,633 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Cousins Properties by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 14,922 shares of the real estate investment trust’s stock worth $600,000 after buying an additional 306 shares during the period. AlphaCrest Capital Management LLC acquired a new stake in shares of Cousins Properties in the first quarter worth $287,000. Natixis Advisors L.P. boosted its position in shares of Cousins Properties by 13.1% in the first quarter. Natixis Advisors L.P. now owns 16,971 shares of the real estate investment trust’s stock worth $684,000 after buying an additional 1,969 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Cousins Properties by 115.7% in the first quarter. Bank of Montreal Can now owns 66,926 shares of the real estate investment trust’s stock worth $2,752,000 after buying an additional 35,897 shares during the period.

Cousins Properties Trading Up 0.9 %

Cousins Properties stock opened at $19.98 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.84 and a current ratio of 0.84. The business’s 50-day simple moving average is $19.70 and its 200-day simple moving average is $21.32. The firm has a market capitalization of $3.03 billion, a PE ratio of 33.86, a PEG ratio of 2.35 and a beta of 1.21. Cousins Properties Incorporated has a 52 week low of $17.40 and a 52 week high of $28.66.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Wednesday, October 4th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.41%. Cousins Properties’s payout ratio is presently 216.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CUZ shares. Mizuho decreased their target price on Cousins Properties from $22.00 to $19.00 and set an “underperform” rating for the company in a research report on Wednesday, October 18th. Evercore ISI decreased their target price on Cousins Properties from $28.00 to $26.00 in a research report on Monday, October 9th. Barclays lifted their price objective on Cousins Properties from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Friday, August 25th. KeyCorp started coverage on Cousins Properties in a research report on Monday, September 11th. They set an “underweight” rating and a $19.00 price objective for the company. Finally, StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.20.

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 buildings located in high-growth Sun Belt markets.