International Assets Investment Management LLC Purchases New Stake in Cousins Properties Incorporated (NYSE:CUZ)

International Assets Investment Management LLC bought a new stake in Cousins Properties Incorporated (NYSE:CUZ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,277 shares of the real estate investment trust’s stock, valued at approximately $863,000.

Several other large investors have also recently bought and sold shares of CUZ. Vanguard Group Inc. boosted its holdings in shares of Cousins Properties by 2.0% in the first 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 during the period. Centersquare Investment Management LLC increased its holdings in Cousins Properties by 8.9% during the first quarter. Centersquare Investment Management LLC now owns 4,898,757 shares of the real estate investment trust’s stock worth $112,377,000 after buying an additional 399,468 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cousins Properties by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,214,595 shares of the real estate investment trust’s stock worth $51,266,000 after purchasing an additional 98,222 shares during the last quarter. Jennison Associates LLC increased its position in Cousins Properties by 75.6% during the first quarter. Jennison Associates LLC now owns 1,917,908 shares of the real estate investment trust’s stock worth $46,107,000 after buying an additional 825,547 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Cousins Properties by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,677,240 shares of the real estate investment trust’s stock worth $38,828,000 after acquiring an additional 28,554 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Insider Transactions at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 5,997 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $28.13, for a total transaction of $168,695.61. Following the transaction, the chief accounting officer now directly owns 12,529 shares of the company’s stock, valued at approximately $352,440.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Cousins Properties Trading Up 2.8 %

Shares of Cousins Properties stock opened at $30.82 on Tuesday. 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 fifty day simple moving average of $29.63 and a 200 day simple moving average of $26.15. Cousins Properties Incorporated has a 12-month low of $17.85 and a 12-month high of $32.17. The company has a market capitalization of $4.69 billion, a P/E ratio of 93.39, a price-to-earnings-growth ratio of 4.64 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share 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 firm had revenue of $209.21 million for the quarter, compared to analysts’ expectations of $212.54 million. During the same quarter last year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.67 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced 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 of this dividend was Thursday, October 3rd. This represents a $1.28 annualized dividend and a yield of 4.15%. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

Analysts Set New Price Targets

A number of brokerages recently commented on CUZ. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Monday. Robert W. Baird lifted their target price on Cousins Properties from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday. Barclays increased their price target on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Evercore ISI lifted their price objective on Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

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.