Cousins Properties Incorporated (NYSE:CUZ) Stock Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC boosted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 11.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,446 shares of the real estate investment trust’s stock after buying an additional 1,780 shares during the period. Metis Global Partners LLC’s holdings in Cousins Properties were worth $535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE boosted its position in shares of Cousins Properties by 5.4% during the 3rd quarter. US Bancorp DE now owns 18,904 shares of the real estate investment trust’s stock valued at $557,000 after purchasing an additional 976 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Cousins Properties by 10.7% during the 3rd quarter. Van ECK Associates Corp now owns 29,043 shares of the real estate investment trust’s stock valued at $908,000 after purchasing an additional 2,800 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Cousins Properties by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock valued at $357,910,000 after purchasing an additional 458,387 shares in the last quarter. Assetmark Inc. boosted its position in shares of Cousins Properties by 19,163.0% during the 3rd quarter. Assetmark Inc. now owns 5,201 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 5,174 shares in the last quarter. Finally, Atria Investments Inc bought a new position in shares of Cousins Properties during the 3rd quarter valued at about $208,000. Institutional investors own 94.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial upped their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a research note on Tuesday, December 17th. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. StockNews.com lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Finally, Barclays reduced their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Cousins Properties Trading Up 1.8 %

NYSE:CUZ opened at $29.80 on Thursday. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s 50 day moving average price is $30.22 and its 200 day moving average price is $30.09. The company has a market capitalization of $5.00 billion, a P/E ratio of 99.32, a P/E/G ratio of 2.98 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. On average, research analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.30%. Cousins Properties’s payout ratio is 426.67%.

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.