Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 1.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,490 shares of the real estate investment trust’s stock after buying an additional 666 shares during the quarter. Yousif Capital Management LLC’s holdings in Cousins Properties were worth $1,696,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in Cousins Properties by 1,609.3% during the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 869 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Cousins Properties during the fourth quarter worth about $85,000. FIL Ltd raised its position in shares of Cousins Properties by 24.6% in the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 643 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Cousins Properties by 473.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 3,551 shares during the period. Finally, Quarry LP boosted its position in Cousins Properties by 9.4% during the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 375 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Price Performance

CUZ opened at $30.34 on Tuesday. Cousins Properties Incorporated has a 52-week low of $22.16 and a 52-week high of $32.55. The company has a 50 day moving average of $27.91 and a two-hundred day moving average of $29.17. The company has a market cap of $5.09 billion, a P/E ratio of 101.14, a P/E/G ratio of 2.98 and a beta of 1.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The business had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. During the same quarter in the previous year, the business posted $0.65 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. On average, analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wolfe Research raised Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Monday, April 7th. Jefferies Financial Group assumed coverage on Cousins Properties in a research report on Monday, March 17th. They set a “buy” rating and a $35.00 target price on the stock. Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Robert W. Baird dropped their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Finally, Truist Financial lowered their target price on shares of Cousins Properties from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.20.

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.