Proficio Capital Partners LLC Buys Shares of 23,623 Cousins Properties Incorporated (NYSE:CUZ)

Proficio Capital Partners LLC bought a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 23,623 shares of the real estate investment trust’s stock, valued at approximately $724,000.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of 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 worth $30,000 after buying an additional 395 shares during the last quarter. Larson Financial Group LLC lifted its position 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 valued at $39,000 after purchasing an additional 438 shares in the last quarter. Quarry LP lifted its position in 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 purchasing an additional 1,697 shares in the last quarter. BankPlus Trust Department purchased a new position in Cousins Properties during the fourth quarter valued at approximately $142,000. Finally, KBC Group NV lifted its position in shares of Cousins Properties by 22.5% in the third quarter. KBC Group NV now owns 4,892 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 897 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on CUZ shares. BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Robert W. Baird decreased their target price on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Barclays reduced their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Finally, Jefferies Financial Group upgraded Cousins Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $33.00 to $36.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.00.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $29.22 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The firm has a market cap of $4.90 billion, a P/E ratio of 97.38, a P/E/G ratio of 2.98 and a beta of 1.28. The stock’s fifty day moving average price is $30.15 and its 200-day moving average price is $30.10. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. On average, equities research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

About Cousins Properties

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.