Victory Capital Management Inc. Purchases 2,418 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Victory Capital Management Inc. raised its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,728 shares of the real estate investment trust’s stock after acquiring an additional 2,418 shares during the period. Victory Capital Management Inc.’s holdings in Cousins Properties were worth $1,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. increased its position in Cousins Properties by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock worth $357,910,000 after buying an additional 458,387 shares during the period. Dimensional Fund Advisors LP increased its position in Cousins Properties by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,214,595 shares of the real estate investment trust’s stock worth $51,266,000 after acquiring an additional 98,222 shares during the period. Bank of New York Mellon Corp raised its stake in 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 valued at $38,828,000 after purchasing an additional 28,554 shares during the last quarter. Marshall Wace LLP boosted its holdings in Cousins Properties by 92.8% in the 2nd quarter. Marshall Wace LLP now owns 853,456 shares of the real estate investment trust’s stock valued at $19,758,000 after purchasing an additional 410,726 shares during the period. Finally, LSV Asset Management grew its position in Cousins Properties by 37.9% in the 2nd quarter. LSV Asset Management now owns 849,927 shares of the real estate investment trust’s stock worth $19,676,000 after purchasing an additional 233,744 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were 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 in the company, valued at approximately $352,440.77. This represents a 32.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CUZ. Wells Fargo & Company boosted their price target on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Evercore ISI increased their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Truist Financial lifted their price objective on Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 30th. Barclays increased their target price on Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Robert W. Baird upped their price target on Cousins Properties from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Cousins Properties Trading Up 0.6 %

CUZ stock opened at $31.72 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 96.12, a P/E/G ratio of 4.20 and a beta of 1.29. The business has a fifty day moving average price of $30.40 and a 200 day moving average price of $26.95. Cousins Properties Incorporated has a fifty-two week low of $19.48 and a fifty-two week high of $32.44.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The business had revenue of $209.21 million during the quarter, compared to the consensus estimate of $212.54 million. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts expect that Cousins Properties Incorporated will post 2.68 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Thursday, October 3rd. Cousins Properties’s dividend payout ratio is currently 387.88%.

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.