Peregrine Capital Management LLC Lowers Stake in Cousins Properties Incorporated (NYSE:CUZ)

Peregrine Capital Management LLC lessened its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 0.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 257,041 shares of the real estate investment trust’s stock after selling 885 shares during the quarter. Peregrine Capital Management LLC owned about 0.17% of Cousins Properties worth $5,950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Cousins Properties by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock valued at $2,128,000 after acquiring an additional 486 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Cousins Properties by 0.3% during the first quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust’s stock valued at $4,582,000 after buying an additional 498 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Cousins Properties by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 67,107 shares of the real estate investment trust’s stock worth $1,634,000 after buying an additional 650 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Cousins Properties by 5.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust’s stock worth $369,000 after buying an additional 769 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Cousins Properties by 5.3% during the 4th quarter. Truist Financial Corp now owns 15,558 shares of the real estate investment trust’s stock valued at $379,000 after acquiring an additional 781 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Up 1.5 %

Shares of NYSE:CUZ traded up $0.42 during trading on Friday, reaching $28.51. The company’s stock had a trading volume of 1,419,627 shares, compared to its average volume of 1,359,772. Cousins Properties Incorporated has a 12 month low of $17.40 and a 12 month high of $28.57. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm’s 50 day simple moving average is $25.57 and its two-hundred day simple moving average is $23.98. The stock has a market capitalization of $4.34 billion, a PE ratio of 58.18, a price-to-earnings-growth ratio of 4.62 and a beta of 1.30.

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

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Wednesday, July 3rd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Wednesday, July 3rd. Cousins Properties’s dividend payout ratio is currently 261.22%.

Analysts Set New Price Targets

CUZ has been the topic of several research reports. Robert W. Baird raised 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, July 31st. Evercore ISI reissued an “in-line” rating and issued a $29.00 target price on shares of Cousins Properties in a report on Tuesday, August 20th. Barclays boosted their price target on Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, Truist Financial boosted their price objective on shares of Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Cousins Properties presently has an average rating of “Hold” and a consensus target price of $26.43.

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.