Yousif Capital Management LLC Has $1.74 Million Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Yousif Capital Management LLC lifted its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,824 shares of the real estate investment trust’s stock after acquiring an additional 829 shares during the period. Yousif Capital Management LLC’s holdings in Cousins Properties were worth $1,741,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. increased its holdings in Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Cousins Properties by 49.7% during the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 438 shares during the period. Signaturefd LLC grew its holdings 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 buying an additional 651 shares in the last quarter. Quarry LP lifted its stake in Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,697 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Cousins Properties by 168.0% in the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 2,543 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Stock Performance

NYSE CUZ opened at $30.74 on Wednesday. The firm has a 50-day moving average price of $30.32 and a two-hundred day moving average price of $29.77. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. The company has a market capitalization of $4.86 billion, a P/E ratio of 102.48, a P/E/G ratio of 3.95 and a beta of 1.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.03% and a net margin of 5.36%. Analysts anticipate that Cousins Properties Incorporated will post 2.73 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s payout ratio is currently 426.67%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CUZ shares. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Wells Fargo & Company upped their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. StockNews.com downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Robert W. Baird lifted their price target on Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Cousins Properties has a consensus rating of “Moderate Buy” and an average price target of $33.11.

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.