Burkehill Global Management LP Takes $12.26 Million Position in Cousins Properties Incorporated (NYSE:CUZ)

Burkehill Global Management LP purchased a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 400,000 shares of the real estate investment trust’s stock, valued at approximately $12,256,000. Cousins Properties makes up about 1.2% of Burkehill Global Management LP’s portfolio, making the stock its 28th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 869 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Cousins Properties by 67.4% during the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 395 shares during the last quarter. Larson Financial Group LLC increased its holdings in Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 438 shares in the last quarter. Quarry LP raised its position in Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,697 shares during the last quarter. Finally, BankPlus Trust Department bought a new position in Cousins Properties during the 4th quarter valued at about $142,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Stock Performance

Shares of CUZ opened at $28.87 on Thursday. The business has a 50-day simple moving average of $30.07 and a two-hundred day simple moving average of $30.15. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 96.23, a PEG ratio of 2.98 and a beta of 1.28.

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

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 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 4.43%. The ex-dividend date was Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is 426.67%.

Analyst Ratings Changes

A number of equities research analysts have commented on CUZ shares. Robert W. Baird cut their target price on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a research report on Tuesday, December 17th. StockNews.com cut Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Finally, BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and upped their price target for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

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.