Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. raised its position in Cousins Properties Incorporated (NYSE:CUZ) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,273,361 shares of the real estate investment trust’s stock after acquiring an additional 49,937 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Cousins Properties were worth $37,539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in shares of Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 438 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Cousins Properties by 2.2% in the second quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock worth $545,000 after acquiring an additional 501 shares in the last quarter. Signaturefd LLC increased its position in shares of Cousins Properties by 30.8% during the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 651 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of Cousins Properties by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 133,620 shares of the real estate investment trust’s stock valued at $3,093,000 after acquiring an additional 790 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Cousins Properties by 130.8% in the second quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 858 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Stock Up 0.3 %

CUZ stock opened at $30.67 on Monday. The company’s 50 day moving average is $30.77 and its two-hundred day moving average is $27.48. Cousins Properties Incorporated has a twelve month low of $21.58 and a twelve month high of $32.55. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The stock has a market cap of $4.67 billion, a P/E ratio of 92.94, a PEG ratio of 4.09 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The company had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. Cousins Properties’s revenue was up 5.2% compared to the same quarter last year. Research analysts expect that Cousins Properties Incorporated will post 2.68 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were given a $0.32 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.28 annualized dividend and a yield of 4.17%. Cousins Properties’s dividend payout ratio (DPR) is 387.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays increased their price target on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Truist Financial lifted their price target on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Finally, Robert W. Baird lifted their price objective on shares of Cousins Properties from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.57.

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.