Cetera Investment Advisers Acquires 427 Shares of Cousins Properties Incorporated $CUZ

Cetera Investment Advisers grew its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 2.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,377 shares of the real estate investment trust’s stock after buying an additional 427 shares during the period. Cetera Investment Advisers’ holdings in Cousins Properties were worth $483,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Avantax Advisory Services Inc. boosted its holdings in shares of Cousins Properties by 3.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 28,008 shares of the real estate investment trust’s stock worth $826,000 after buying an additional 1,000 shares in the last quarter. Oak Thistle LLC boosted its holdings in shares of Cousins Properties by 97.5% during the 1st quarter. Oak Thistle LLC now owns 61,752 shares of the real estate investment trust’s stock worth $1,822,000 after buying an additional 30,481 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of Cousins Properties by 17.9% during the 1st quarter. KLP Kapitalforvaltning AS now owns 35,584 shares of the real estate investment trust’s stock worth $1,050,000 after buying an additional 5,400 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Cousins Properties by 0.5% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 375,853 shares of the real estate investment trust’s stock worth $11,088,000 after buying an additional 1,968 shares in the last quarter. Finally, Choreo LLC boosted its holdings in shares of Cousins Properties by 25.6% during the 1st quarter. Choreo LLC now owns 27,837 shares of the real estate investment trust’s stock worth $821,000 after buying an additional 5,681 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Trading Down 1.6%

Shares of Cousins Properties stock opened at $27.36 on Monday. Cousins Properties Incorporated has a 1 year low of $24.07 and a 1 year high of $32.55. The firm has a market cap of $4.60 billion, a PE ratio of 73.95, a P/E/G ratio of 1.80 and a beta of 1.33. The stock has a fifty day moving average price of $28.78 and a 200-day moving average price of $28.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $237.72 million during the quarter, compared to the consensus estimate of $243.73 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. Equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, July 7th. This represents a $1.28 annualized dividend and a dividend yield of 4.7%. Cousins Properties’s dividend payout ratio is presently 345.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Mizuho increased their target price on Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Evercore ISI increased their target price on Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a report on Monday, May 19th. Truist Financial cut Cousins Properties from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Wednesday, July 2nd. Wells Fargo & Company lowered their price target on Cousins Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. Finally, Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.50.

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.