Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in Cousins Properties Incorporated (NYSE:CUZ) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,667 shares of the real estate investment trust’s stock after purchasing an additional 485 shares during the period. Pacer Advisors Inc.’s holdings in Cousins Properties were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. boosted its position in Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 395 shares during the last quarter. Larson Financial Group LLC raised its stake in 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 acquiring an additional 438 shares during the period. Signaturefd LLC increased its stake in shares of Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 651 shares during the period. Quarry LP increased its stake in shares of Cousins Properties by 74.5% during the third 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 during the period. Finally, Blue Trust Inc. increased its stake in shares of Cousins Properties by 168.0% during the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 2,543 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Barclays reduced their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group raised shares of Cousins Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $33.00 to $36.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

Cousins Properties Stock Down 1.3 %

Cousins Properties stock opened at $30.12 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55. The firm has a 50 day moving average price of $30.45 and a two-hundred day moving average price of $29.54. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 91.28, a PEG ratio of 3.94 and a beta of 1.29.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.25%. Cousins Properties’s payout ratio is 387.88%.

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.