Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 807,492 shares of the real estate investment trust’s stock after acquiring an additional 47,040 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.51% of Cousins Properties worth $24,742,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 869 shares during the last quarter. UMB Bank n.a. raised its position in shares of Cousins Properties by 67.4% in the fourth 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. FIL Ltd raised its position in shares of Cousins Properties by 24.6% in the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 643 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Cousins Properties by 473.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 3,551 shares during the last quarter. Finally, Quarry LP raised its position in shares of Cousins Properties by 9.4% in the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 375 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Price Performance

NYSE:CUZ opened at $26.69 on Friday. Cousins Properties Incorporated has a 52 week low of $22.01 and a 52 week high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $4.48 billion, a P/E ratio of 88.95, a P/E/G ratio of 2.98 and a beta of 1.34. The stock’s fifty day moving average is $27.82 and its two-hundred day moving average is $29.50.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The business’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. Equities analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.80%. Cousins Properties’s payout ratio is presently 387.88%.

Analyst Ratings Changes

Several research firms recently commented on CUZ. Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Evercore ISI increased their price target on Cousins Properties from $30.00 to $31.00 and gave the company an “in-line” rating in a report on Monday. Wolfe Research raised Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Monday, April 7th. Wells Fargo & Company cut their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Barclays cut their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.20.

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.