Boston Partners Lowers Stake in Cousins Properties Incorporated (NYSE:CUZ)

Boston Partners lowered its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 22.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 684,051 shares of the real estate investment trust’s stock after selling 198,553 shares during the quarter. Boston Partners owned 0.45% of Cousins Properties worth $16,277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Securities Inc. bought a new stake in Cousins Properties in the fourth quarter worth $31,000. Cetera Trust Company N.A bought a new position in Cousins Properties during the fourth quarter valued at $156,000. Westend Capital Management LLC bought a new position in Cousins Properties during the first quarter valued at $184,000. Virtu Financial LLC bought a new position in Cousins Properties during the first quarter valued at $204,000. Finally, Tidal Investments LLC purchased a new stake in shares of Cousins Properties during the first quarter valued at $204,000. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Price Performance

Shares of NYSE:CUZ traded down $0.50 during midday trading on Friday, reaching $26.69. 2,019,554 shares of the company’s stock traded hands, compared to its average volume of 1,420,022. Cousins Properties Incorporated has a 1 year low of $17.40 and a 1 year high of $27.97. The company has a market cap of $4.06 billion, a P/E ratio of 54.47, a PEG ratio of 4.62 and a beta of 1.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. The company has a fifty day simple moving average of $23.79 and a two-hundred day simple moving average of $23.37.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). The firm had revenue of $212.98 million during the quarter, compared to analysts’ expectations of $208.18 million. Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.75 EPS. Equities analysts predict that Cousins Properties Incorporated will post 2.67 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Wednesday, July 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Wednesday, July 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 261.22%.

Wall Street Analyst Weigh In

CUZ has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on shares of Cousins Properties from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Barclays upped their price objective on shares of Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.43.

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.