International Assets Investment Management LLC Acquires New Position in Cousins Properties Incorporated (NYSE:CUZ)

International Assets Investment Management LLC purchased a new position in Cousins Properties Incorporated (NYSE:CUZ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,589 shares of the real estate investment trust’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. PARK CIRCLE Co bought a new stake in shares of Cousins Properties during the 3rd quarter worth $31,000. Van Lanschot Kempen Investment Management N.V. bought a new position in shares of Cousins Properties during the third quarter valued at about $173,000. Spirit of America Management Corp NY boosted its holdings in shares of Cousins Properties by 750.0% during the fourth quarter. Spirit of America Management Corp NY now owns 8,500 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 7,500 shares during the period. United Services Automobile Association grew its stake in shares of Cousins Properties by 23.9% in the third quarter. United Services Automobile Association now owns 13,158 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Moody National Bank Trust Division increased its holdings in Cousins Properties by 23.0% during the 4th quarter. Moody National Bank Trust Division now owns 13,566 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 2,541 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on CUZ. Barclays decreased their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Truist Financial lowered their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.67.

Cousins Properties Trading Down 0.8 %

Shares of NYSE:CUZ opened at $22.86 on Friday. The company has a market cap of $3.48 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 6.24 and a beta of 1.27. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $23.06 and a 200 day moving average of $22.13. Cousins Properties Incorporated has a 12-month low of $17.40 and a 12-month high of $25.19.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.53). Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The firm had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $198.47 million. During the same quarter in the prior year, the business earned $0.66 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Cousins Properties Incorporated will post 2.61 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, April 4th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 5.60%. Cousins Properties’s dividend payout ratio (DPR) is presently 232.73%.

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.