Quantinno Capital Management LP Boosts Stake in Cousins Properties Incorporated $CUZ

Quantinno Capital Management LP lifted its position in Cousins Properties Incorporated (NYSE:CUZ) by 242.5% in the 1st quarter, Holdings Channel reports. The fund owned 2,644,535 shares of the real estate investment trust’s stock after acquiring an additional 1,872,319 shares during the quarter. Quantinno Capital Management LP’s holdings in Cousins Properties were worth $59,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alyeska Investment Group L.P. grew its stake in Cousins Properties by 308.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock worth $133,422,000 after purchasing an additional 3,909,740 shares during the period. Norges Bank purchased a new position in Cousins Properties during the fourth quarter valued at $53,063,000. Invesco Ltd. lifted its position in Cousins Properties by 153.2% during the third quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock valued at $91,751,000 after buying an additional 1,918,393 shares during the period. Millennium Management LLC boosted its holdings in shares of Cousins Properties by 984.5% during the 4th quarter. Millennium Management LLC now owns 1,542,384 shares of the real estate investment trust’s stock valued at $39,763,000 after buying an additional 1,400,164 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Cousins Properties during the 3rd quarter valued at $29,341,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CUZ shares. Mizuho increased their price target on shares of Cousins Properties from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Evercore restated an “outperform” rating and issued a $34.00 price objective on shares of Cousins Properties in a report on Monday, July 6th. Barclays raised their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Finally, Truist Financial upped their price target on Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.91.

Cousins Properties Price Performance

Shares of CUZ opened at $31.74 on Wednesday. The firm has a market cap of $5.22 billion, a PE ratio of -1,057.78, a P/E/G ratio of 2.35 and a beta of 1.19. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83. The firm has a fifty day simple moving average of $29.28 and a two-hundred day simple moving average of $26.06. Cousins Properties Incorporated has a 1-year low of $21.03 and a 1-year high of $32.35.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm had revenue of $263.11 million during the quarter, compared to analysts’ expectations of $256.77 million. During the same quarter last year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts anticipate that Cousins Properties Incorporated will post 2.95 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. Cousins Properties’s dividend payout ratio is currently -4,266.67%.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.