Green Street Investors LLC bought a new stake in shares of Cousins Properties Inc (NYSE:CUZ) during the 3rd quarter, Holdings Channel reports. The firm bought 74,000 shares of the real estate investment trust’s stock, valued at approximately $2,782,000. Cousins Properties comprises approximately 1.6% of Green Street Investors LLC’s investment portfolio, making the stock its 22nd largest holding.
A number of other institutional investors have also made changes to their positions in CUZ. Daiwa Securities Group Inc. raised its stake in Cousins Properties by 676.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,341,932 shares of the real estate investment trust’s stock valued at $125,623,000 after acquiring an additional 2,911,649 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Cousins Properties by 6,428.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 983,900 shares of the real estate investment trust’s stock valued at $35,588,000 after buying an additional 968,829 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Cousins Properties by 79.8% during the second quarter. Prudential Financial Inc. now owns 1,280,817 shares of the real estate investment trust’s stock valued at $46,328,000 after buying an additional 568,285 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of Cousins Properties during the second quarter valued at $20,431,000. Finally, Jane Street Group LLC grew its holdings in shares of Cousins Properties by 1,257.6% during the second quarter. Jane Street Group LLC now owns 441,012 shares of the real estate investment trust’s stock valued at $15,951,000 after buying an additional 408,527 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CUZ stock traded down $0.02 on Friday, reaching $39.81. 449,318 shares of the company’s stock traded hands, compared to its average volume of 1,620,482. Cousins Properties Inc has a 12-month low of $30.12 and a 12-month high of $40.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $5.84 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 3.68 and a beta of 0.89. The business’s 50 day moving average price is $37.97 and its two-hundred day moving average price is $28.90.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 2.91%. Cousins Properties’s dividend payout ratio (DPR) is currently 46.03%.
A number of research analysts have recently weighed in on the company. ValuEngine downgraded Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Stifel Nicolaus set a $42.00 price target on Cousins Properties and gave the company a “buy” rating in a report on Friday, October 25th. Zacks Investment Research downgraded Cousins Properties from a “hold” rating to a “sell” rating and set a $39.00 price target on the stock. in a report on Thursday, September 12th. Finally, Wells Fargo & Co upgraded Cousins Properties from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $38.00 to $42.00 in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $33.50.
Cousins Properties Profile
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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