Geneos Wealth Management Inc. Has $190,000 Stake in Cousins Properties Incorporated (NYSE:CUZ)

Geneos Wealth Management Inc. lowered its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 8.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,816 shares of the real estate investment trust’s stock after selling 758 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Cousins Properties were worth $190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Belpointe Asset Management LLC boosted its holdings in Cousins Properties by 104.9% during the first quarter. Belpointe Asset Management LLC now owns 1,348 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 690 shares in the last quarter. PARK CIRCLE Co acquired a new stake in Cousins Properties in the 3rd quarter valued at $31,000. Lazard Asset Management LLC bought a new stake in Cousins Properties in the first quarter valued at $39,000. Covestor Ltd raised its stake in Cousins Properties by 89.2% during the first quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 495 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in Cousins Properties by 160.9% during the first quarter. Brown Brothers Harriman & Co. now owns 1,234 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 761 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday. Barclays reduced their target price on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. JPMorgan Chase & Co. raised shares of Cousins Properties from a “neutral” rating to an “overweight” rating and raised their price target for the company from $26.00 to $27.00 in a report on Monday, December 18th. Finally, Truist Financial cut their target price on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.29.

Cousins Properties Trading Down 1.4 %

NYSE:CUZ opened at $22.49 on Monday. The business’s 50-day simple moving average is $23.12 and its 200-day simple moving average is $21.99. Cousins Properties Incorporated has a fifty-two week low of $17.40 and a fifty-two week high of $25.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $3.42 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 6.07 and a beta of 1.27.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.53). The company had revenue of $197.00 million for the quarter, compared to the consensus estimate of $198.47 million. Cousins Properties had a return on equity of 1.81% and a net margin of 10.33%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS. Sell-side analysts expect that Cousins Properties Incorporated will post 2.61 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, April 4th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.69%. Cousins Properties’s dividend payout ratio (DPR) is 232.73%.

Cousins Properties 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.