Intech Investment Management LLC Makes New $1.03 Million Investment in Cousins Properties Incorporated (NYSE:CUZ)

Intech Investment Management LLC bought a new position in shares of Cousins Properties Incorporated (NYSE:CUZ) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 33,671 shares of the real estate investment trust’s stock, valued at approximately $1,032,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Cousins Properties by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust’s stock worth $51,580,000 after purchasing an additional 309,571 shares during the last quarter. Geode Capital Management LLC boosted its stake in Cousins Properties by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after purchasing an additional 36,727 shares during the last quarter. State Street Corp boosted its position in shares of Cousins Properties by 0.6% during the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock valued at $224,251,000 after acquiring an additional 48,668 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Cousins Properties by 4.9% during the 4th quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust’s stock valued at $14,304,000 after acquiring an additional 21,939 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Cousins Properties by 7.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust’s stock valued at $82,047,000 after acquiring an additional 189,411 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Trading Down 0.7 %

NYSE CUZ opened at $29.61 on Friday. The firm’s 50-day moving average is $29.95 and its two-hundred day moving average is $30.19. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $4.97 billion, a P/E ratio of 98.70, a PEG ratio of 2.98 and a beta of 1.28.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.32%. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a research report on Tuesday, December 17th. BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. Barclays lowered their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Robert W. Baird lowered their price target on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.89.

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.