Bailard Inc. Takes Position in Cousins Properties Incorporated (NYSE:CUZ)

Bailard Inc. bought a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the 4th quarter, Holdings Channel reports. The fund bought 9,212 shares of the real estate investment trust’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. PARK CIRCLE Co acquired a new position in Cousins Properties in the 3rd quarter worth $31,000. Cetera Trust Company N.A acquired a new stake in shares of Cousins Properties during the fourth quarter valued at about $156,000. Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of Cousins Properties during the third quarter worth about $173,000. Spirit of America Management Corp NY lifted its stake in shares of 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 worth $207,000 after acquiring an additional 7,500 shares in the last quarter. Finally, United Services Automobile Association lifted its stake in shares of Cousins Properties by 23.9% in the third quarter. United Services Automobile Association now owns 13,158 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 2,536 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CUZ has been the subject of a number of recent analyst reports. Truist Financial lowered their price objective on Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Barclays reduced 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 note on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Cousins Properties currently has a consensus rating of “Hold” and a consensus price target of $23.67.

Cousins Properties Stock Up 1.7 %

CUZ stock opened at $23.26 on Tuesday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 47.46, a PEG ratio of 6.14 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 firm has a fifty day moving average price of $23.04 and a two-hundred day moving average price of $22.23. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 1.07.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results 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). The business had revenue of $209.20 million during the quarter, compared to analyst estimates of $199.35 million. Cousins Properties had a net margin of 9.15% and a return on equity of 1.62%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. Research analysts predict that Cousins Properties Incorporated will post 2.62 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties’s payout ratio is 261.22%.

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.