Landmark Investment Partners L.P. Makes New Investment in Cousins Properties Incorporated (NYSE:CUZ)

Landmark Investment Partners L.P. acquired a new position in Cousins Properties Incorporated (NYSE:CUZ) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 391,549 shares of the real estate investment trust’s stock, valued at approximately $11,997,000. Cousins Properties comprises 4.8% of Landmark Investment Partners L.P.’s portfolio, making the stock its 10th biggest position.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted 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 acquiring an additional 869 shares in the last quarter. UMB Bank n.a. lifted 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 acquiring an additional 395 shares in the last quarter. FIL Ltd lifted its position in Cousins Properties by 24.6% during the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 643 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Cousins Properties by 473.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 3,551 shares in the last quarter. Finally, Quarry LP lifted its position in Cousins Properties by 9.4% during the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Trading Up 0.2 %

NYSE:CUZ opened at $27.73 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties Incorporated has a 52-week low of $22.01 and a 52-week high of $32.55. The stock’s 50 day moving average price is $28.44 and its 200 day moving average price is $29.89. The company has a market capitalization of $4.66 billion, a PE ratio of 92.43, a P/E/G ratio of 2.98 and a beta of 1.24.

Cousins Properties (NYSE:CUZ) last announced 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, research analysts anticipate 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. Investors of record on Thursday, April 3rd were given 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 yield of 4.62%. Cousins Properties’s dividend payout ratio (DPR) is 426.67%.

Wall Street Analyst Weigh In

A number of research firms have commented on CUZ. Wolfe Research upgraded Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Monday, April 7th. Jefferies Financial Group began coverage on Cousins Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $35.00 target price on the stock. StockNews.com downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, April 9th. Barclays reduced their target price on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average target price of $32.70.

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.