International Assets Investment Management LLC Invests $307,000 in Cousins Properties Incorporated (NYSE:CUZ)

International Assets Investment Management LLC bought a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,589 shares of the real estate investment trust’s stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oak Thistle LLC acquired a new stake in Cousins Properties during the 3rd quarter worth approximately $684,000. Xponance Inc. boosted its holdings in shares of Cousins Properties by 5.2% in the third quarter. Xponance Inc. now owns 19,475 shares of the real estate investment trust’s stock valued at $397,000 after acquiring an additional 963 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Cousins Properties by 1.2% during the third quarter. New York State Teachers Retirement System now owns 164,764 shares of the real estate investment trust’s stock worth $3,356,000 after acquiring an additional 2,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cousins Properties by 3.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,948 shares of the real estate investment trust’s stock worth $1,527,000 after purchasing an additional 2,614 shares in the last quarter. Finally, Strs Ohio increased its position in Cousins Properties by 70.7% during the 3rd quarter. Strs Ohio now owns 341,449 shares of the real estate investment trust’s stock worth $6,955,000 after purchasing an additional 141,470 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays reduced their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Truist Financial reduced their price objective on Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Cousins Properties currently has a consensus rating of “Hold” and a consensus price target of $23.67.

Cousins Properties Stock Performance

Shares of NYSE:CUZ opened at $22.86 on Friday. The stock has a market capitalization of $3.48 billion, a P/E ratio of 42.07, a P/E/G ratio of 6.24 and a beta of 1.27. Cousins Properties Incorporated has a 1-year low of $17.40 and a 1-year high of $25.19. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $23.06 and a two-hundred day moving average price of $22.13.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.53). The firm 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 company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. Equities analysts predict that Cousins Properties Incorporated will post 2.61 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were paid a $0.32 dividend. 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 5.60%. Cousins Properties’s dividend payout ratio (DPR) is currently 232.73%.

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.