Quantbot Technologies LP Buys Shares of 21,920 Cousins Properties Incorporated (NYSE:CUZ)

Quantbot Technologies LP purchased a new position in Cousins Properties Incorporated (NYSE:CUZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,920 shares of the real estate investment trust’s stock, valued at approximately $646,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its stake in Cousins Properties by 3,768.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after acquiring an additional 2,276,986 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Cousins Properties by 368.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after purchasing an additional 615,118 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of 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 purchasing an additional 458,387 shares in the last quarter. Marshall Wace LLP increased its position in shares of Cousins Properties by 92.8% during 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 last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Cousins Properties by 297.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 522,712 shares of the real estate investment trust’s stock valued at $15,409,000 after buying an additional 391,348 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Insider Transactions at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 5,997 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the transaction, the chief accounting officer now directly owns 12,529 shares in the company, valued at $352,440.77. This trade represents a 32.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CUZ. Truist Financial increased their price target on shares of Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Evercore ISI lifted their target price 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. Robert W. Baird raised their price objective on Cousins Properties from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Barclays boosted their target price on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company increased their target price on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.50.

Cousins Properties Trading Down 1.3 %

NYSE CUZ opened at $31.33 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 fifty-two week low of $21.58 and a fifty-two week high of $32.55. The stock has a market cap of $4.77 billion, a P/E ratio of 94.94, a price-to-earnings-growth ratio of 4.23 and a beta of 1.29. The stock has a 50 day simple moving average of $30.69 and a two-hundred day simple moving average of $27.28.

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 net margin of 6.17% and a return on equity of 1.14%. The company had revenue of $209.21 million during the quarter, compared to the consensus estimate of $212.54 million. During the same quarter last year, the firm earned $0.65 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Cousins Properties Incorporated will post 2.68 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.09%. Cousins Properties’s dividend payout ratio (DPR) is 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.