Register Financial Advisors LLC Acquires 25,121 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Register Financial Advisors LLC lifted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 184.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,760 shares of the real estate investment trust’s stock after purchasing an additional 25,121 shares during the period. Register Financial Advisors LLC’s holdings in Cousins Properties were worth $932,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Cousins Properties by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 22,896,977 shares of the real estate investment trust’s stock valued at $557,541,000 after buying an additional 216,657 shares during the period. Principal Financial Group Inc. lifted its position in shares of Cousins Properties by 13.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,208,784 shares of the real estate investment trust’s stock valued at $297,284,000 after acquiring an additional 1,407,164 shares during the period. Centersquare Investment Management LLC boosted its stake in Cousins Properties by 4.7% during the fourth quarter. Centersquare Investment Management LLC now owns 4,499,289 shares of the real estate investment trust’s stock worth $109,558,000 after acquiring an additional 203,356 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Cousins Properties by 49.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,781,184 shares of the real estate investment trust’s stock worth $67,722,000 after purchasing an additional 916,508 shares during the period. Finally, Schroder Investment Management Group increased its stake in Cousins Properties by 2.7% in the third quarter. Schroder Investment Management Group now owns 2,667,512 shares of the real estate investment trust’s stock valued at $54,337,000 after purchasing an additional 71,124 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CUZ shares. Barclays cut their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 27th. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.67.

Cousins Properties Stock Up 2.9 %

Shares of CUZ traded up $0.65 on Friday, reaching $23.14. The company’s stock had a trading volume of 1,796,564 shares, compared to its average volume of 1,436,196. Cousins Properties Incorporated has a twelve month low of $17.40 and a twelve month high of $25.19. The stock has a market capitalization of $3.52 billion, a PE ratio of 45.90, a PEG ratio of 3.71 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57. The firm has a fifty day moving average of $23.13 and a 200-day moving average of $23.27.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.09 EPS 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 analysts’ expectations of $199.35 million. Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. Equities analysts predict that Cousins Properties Incorporated will post 2.64 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 5.53%. The ex-dividend date is Wednesday, July 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 261.22%.

Insiders Place Their Bets

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

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.