Cullen Capital Management LLC Increases Position in Cousins Properties Incorporated (NYSE:CUZ)

Cullen Capital Management LLC lifted its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 22.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,176 shares of the real estate investment trust’s stock after buying an additional 6,180 shares during the quarter. Cullen Capital Management LLC’s holdings in Cousins Properties were worth $1,047,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in Cousins Properties by 3.9% in the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock worth $357,910,000 after purchasing an additional 458,387 shares during the period. Cerity Partners LLC purchased a new position in Cousins Properties in the 3rd quarter worth about $584,000. FMR LLC lifted its holdings in Cousins Properties by 69.8% during the 3rd quarter. FMR LLC now owns 19,161 shares of the real estate investment trust’s stock valued at $565,000 after buying an additional 7,877 shares in the last quarter. Centiva Capital LP purchased a new stake in Cousins Properties in the 3rd quarter valued at about $361,000. Finally, HighTower Advisors LLC grew its stake in Cousins Properties by 8.2% in the 3rd quarter. HighTower Advisors LLC now owns 12,369 shares of the real estate investment trust’s stock worth $372,000 after acquiring an additional 933 shares in the last quarter. 94.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CUZ has been the subject of several research analyst reports. Jefferies Financial Group began coverage on shares of Cousins Properties in a research note on Monday, March 17th. They set a “buy” rating and a $35.00 price target for the company. Barclays lowered their target price on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and raised their price target for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Truist Financial upped their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.89.

Cousins Properties Trading Down 4.2 %

NYSE:CUZ opened at $26.01 on Friday. The firm has a 50 day moving average of $29.72 and a 200 day moving average of $30.21. 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 capitalization of $4.37 billion, a price-to-earnings ratio of 86.70, a PEG ratio of 2.98 and a beta of 1.24.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.92%. Cousins Properties’s dividend payout ratio (DPR) is currently 426.67%.

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.