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

Cetera Investment Advisers increased its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,377 shares of the real estate investment trust’s stock after purchasing an additional 427 shares during the quarter. Cetera Investment Advisers’ holdings in Cousins Properties were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CUZ. Spire Wealth Management bought a new position in shares of Cousins Properties in the first quarter worth about $25,000. GF Fund Management CO. LTD. acquired a new position in shares of Cousins Properties in the fourth quarter valued at approximately $85,000. Signaturefd LLC increased its stake in shares of Cousins Properties by 16.5% in the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 477 shares during the period. Quarry LP increased its stake in shares of Cousins Properties by 9.4% in the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 375 shares during the period. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Cousins Properties in the first quarter valued at approximately $209,000. Institutional investors own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CUZ. Truist Financial downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research report on Wednesday, July 2nd. Wall Street Zen upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday. Evercore ISI increased their price target on Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a report on Monday, May 19th. Mizuho increased their price target on Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Finally, Wells Fargo & Company cut their price target on Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Five equities 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 currently has an average rating of “Moderate Buy” and a consensus target price of $32.50.

Cousins Properties Stock Performance

NYSE:CUZ opened at $27.36 on Monday. The business has a 50 day moving average of $28.78 and a 200 day moving average of $28.63. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 73.95, a PEG ratio of 1.80 and a beta of 1.33. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $32.55. 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 announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. The business had revenue of $237.72 million for the quarter, compared to analysts’ expectations of $243.73 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. On average, sell-side analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently announced 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 of this dividend was Monday, July 7th. This represents a $1.28 annualized dividend and a dividend yield of 4.7%. Cousins Properties’s payout ratio is 345.95%.

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.