Amundi Pioneer Asset Management Inc. Invests $2.94 Million in Cousins Properties Inc (CUZ) Stock

Amundi Pioneer Asset Management Inc. acquired a new position in Cousins Properties Inc (NYSE:CUZ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 318,397 shares of the real estate investment trust’s stock, valued at approximately $2,944,000. Amundi Pioneer Asset Management Inc. owned 0.08% of Cousins Properties as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CUZ. Nationwide Fund Advisors lifted its stake in shares of Cousins Properties by 19.7% in the 3rd quarter. Nationwide Fund Advisors now owns 1,664,472 shares of the real estate investment trust’s stock valued at $15,546,000 after purchasing an additional 274,227 shares during the period. First Trust Advisors LP lifted its stake in shares of Cousins Properties by 46.4% in the 3rd quarter. First Trust Advisors LP now owns 181,161 shares of the real estate investment trust’s stock valued at $1,692,000 after purchasing an additional 57,416 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Cousins Properties in the 3rd quarter valued at approximately $254,000. Principal Financial Group Inc. lifted its stake in shares of Cousins Properties by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,793,351 shares of the real estate investment trust’s stock valued at $16,749,000 after purchasing an additional 12,465 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Cousins Properties by 3.0% in the 3rd quarter. New York State Common Retirement Fund now owns 449,187 shares of the real estate investment trust’s stock valued at $4,195,000 after purchasing an additional 13,200 shares during the period.

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Cousins Properties stock opened at $8.31 on Friday. The company has a market capitalization of $3,578.31, a P/E ratio of 16.29, a PEG ratio of 3.58 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.02 and a quick ratio of 2.02. Cousins Properties Inc has a one year low of $7.81 and a one year high of $9.63.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.07). Cousins Properties had a net margin of 46.90% and a return on equity of 7.77%. The company had revenue of $109.94 million for the quarter, compared to the consensus estimate of $109.05 million. analysts expect that Cousins Properties Inc will post 0.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Tuesday, April 3rd will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Monday, April 2nd. This is a positive change from Cousins Properties’s previous quarterly dividend of $0.06. Cousins Properties’s dividend payout ratio (DPR) is 47.06%.

A number of research analysts have recently commented on the company. SunTrust Banks set a $10.00 target price on Cousins Properties and gave the company a “buy” rating in a research note on Wednesday, February 14th. ValuEngine cut Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut Cousins Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Bank of America upgraded Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Cousins Properties has a consensus rating of “Buy” and an average price target of $10.10.

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Cousins Properties Company Profile

Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.

Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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