Acadian Asset Management LLC Buys 1,928 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Acadian Asset Management LLC boosted its position in Cousins Properties Incorporated (NYSE:CUZ) by 46.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,086 shares of the real estate investment trust’s stock after purchasing an additional 1,928 shares during the period. Acadian Asset Management LLC’s holdings in Cousins Properties were worth $140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CUZ. Jupiter Asset Management Ltd. bought a new position in shares of Cousins Properties during the 1st quarter worth $846,000. Balyasny Asset Management L.P. boosted its position in Cousins Properties by 49.2% during 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. SG Americas Securities LLC increased its stake in shares of Cousins Properties by 554.8% in the first quarter. SG Americas Securities LLC now owns 185,283 shares of the real estate investment trust’s stock worth $4,454,000 after purchasing an additional 156,988 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Cousins Properties by 124.6% in the first quarter. BNP Paribas Financial Markets now owns 246,382 shares of the real estate investment trust’s stock valued at $5,923,000 after purchasing an additional 136,685 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Cousins Properties by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 23,353,228 shares of the real estate investment trust’s stock valued at $561,412,000 after buying an additional 456,251 shares in the last quarter. 94.38% of the stock is owned by institutional investors.

Cousins Properties Price Performance

Shares of CUZ stock opened at $29.35 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $4.46 billion, a P/E ratio of 59.90, a P/E/G ratio of 4.73 and a beta of 1.31. The business’s 50 day moving average price is $27.32 and its 200-day moving average price is $24.58. Cousins Properties Incorporated has a fifty-two week low of $17.40 and a fifty-two week high of $29.77.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The company had revenue of $212.98 million for the quarter, compared to analysts’ expectations of $208.18 million. During the same period in the previous year, the firm posted $2.75 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that Cousins Properties Incorporated will post 2.67 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, October 3rd. Cousins Properties’s payout ratio is currently 261.22%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CUZ. Evercore ISI boosted their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Barclays boosted their price objective on Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Truist Financial raised their target price on Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Robert W. Baird upped their price target on Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company raised their price objective on shares of Cousins Properties from $26.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.29.

Insiders Place Their Bets

In related news, CAO Jeffrey D. Symes sold 5,997 shares of Cousins Properties stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $28.13, for a total transaction of $168,695.61. Following the sale, the chief accounting officer now directly owns 12,529 shares in the company, valued at $352,440.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.

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.