Jump Financial LLC Increases Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Jump Financial LLC boosted its stake in Cousins Properties Incorporated (NYSE:CUZFree Report) by 18.1% during the fourth quarter, HoldingsChannel reports. The firm owned 89,161 shares of the real estate investment trust’s stock after buying an additional 13,667 shares during the period. Jump Financial LLC’s holdings in Cousins Properties were worth $2,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gotham Asset Management LLC raised its stake in Cousins Properties by 10.0% in the third quarter. Gotham Asset Management LLC now owns 53,547 shares of the real estate investment trust’s stock valued at $1,091,000 after purchasing an additional 4,884 shares in the last quarter. PGGM Investments raised its stake in shares of Cousins Properties by 2.6% during the third quarter. PGGM Investments now owns 2,046,403 shares of the real estate investment trust’s stock worth $41,685,000 after acquiring an additional 50,956 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Cousins Properties by 4.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 84,730 shares of the real estate investment trust’s stock worth $2,063,000 after acquiring an additional 3,592 shares in the last quarter. Kennedy Capital Management LLC raised its stake in shares of Cousins Properties by 31.0% during the third quarter. Kennedy Capital Management LLC now owns 235,515 shares of the real estate investment trust’s stock worth $4,797,000 after acquiring an additional 55,783 shares in the last quarter. Finally, ING Groep NV purchased a new position in shares of Cousins Properties during the third quarter worth approximately $964,000. 94.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Gregg D. Adzema sold 71,097 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the sale, the chief financial officer now owns 85,872 shares in the company, valued at approximately $2,001,676.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CUZ. Truist Financial decreased their price target on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. StockNews.com downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Finally, Barclays decreased their price target on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. Three research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.67.

Read Our Latest Analysis on Cousins Properties

Cousins Properties Stock Performance

NYSE:CUZ opened at $23.83 on Tuesday. The stock has a market cap of $3.62 billion, a P/E ratio of 48.62, a price-to-earnings-growth ratio of 5.10 and a beta of 1.27. The firm’s fifty day simple moving average is $23.14 and its 200 day simple moving average is $22.58. Cousins Properties Incorporated has a twelve month low of $17.40 and a twelve month high of $25.19. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.57.

Cousins Properties (NYSE:CUZGet Free Report) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.54). The company had revenue of $209.20 million during the quarter, compared to the consensus estimate of $199.35 million. Cousins Properties had a net margin of 9.15% and a return on equity of 1.62%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. As a group, research analysts predict that Cousins Properties Incorporated will post 2.63 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 261.22%.

Cousins Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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