KBC Group NV Buys 1,527 Shares of Cousins Properties Incorporated (NYSE:CUZ)

KBC Group NV raised its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 25.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 7,554 shares of the real estate investment trust’s stock after purchasing an additional 1,527 shares during the period. KBC Group NV’s holdings in Cousins Properties were worth $223,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CUZ. Spire Wealth Management purchased a new position in shares of Cousins Properties in the first quarter valued at about $25,000. Jones Financial Companies Lllp lifted its position in shares of Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 869 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Cousins Properties in the fourth quarter valued at about $85,000. FIL Ltd lifted 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 acquiring an additional 643 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Cousins Properties by 473.5% in 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 acquiring an additional 3,551 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Wolfe Research upgraded Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Monday, April 7th. Evercore ISI boosted their target price on Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. Truist Financial downgraded Cousins Properties from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company decreased their price objective on Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.40.

Cousins Properties Stock Up 1.9%

Shares of NYSE:CUZ opened at $30.15 on Monday. Cousins Properties Incorporated has a 52-week low of $22.47 and a 52-week high of $32.55. The stock has a market cap of $5.06 billion, a P/E ratio of 91.36, a price-to-earnings-growth ratio of 2.78 and a beta of 1.33. The business’s 50 day moving average is $28.84 and its 200 day moving average is $29.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $6.81 million for the quarter, compared to analysts’ expectations of $238.49 million. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. Sell-side analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, July 7th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.28 annualized dividend and a dividend yield of 4.25%. Cousins Properties’s dividend payout ratio is presently 387.88%.

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.