Capital Investment Advisors LLC Buys 12,491 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Capital Investment Advisors LLC lifted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 382,154 shares of the real estate investment trust’s stock after acquiring an additional 12,491 shares during the quarter. Capital Investment Advisors LLC owned 0.25% of Cousins Properties worth $8,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position in Cousins Properties by 250.6% during the first quarter. Global Retirement Partners LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 887 shares during the period. Belpointe Asset Management LLC grew its position in Cousins Properties by 104.9% during the first quarter. Belpointe Asset Management LLC now owns 1,348 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 690 shares during the period. Lazard Asset Management LLC bought a new stake in Cousins Properties during the first quarter valued at approximately $39,000. Private Trust Co. NA grew its position in Cousins Properties by 27,600.0% during the first quarter. Private Trust Co. NA now owns 1,939 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,932 shares during the period. Finally, Covestor Ltd grew its position in Cousins Properties by 89.2% during the first quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 495 shares during the period.

Cousins Properties Price Performance

Shares of CUZ stock traded up $0.16 during mid-day trading on Friday, hitting $22.75. The company had a trading volume of 3,246,349 shares, compared to its average volume of 1,587,379. Cousins Properties Incorporated has a 52-week low of $18.06 and a 52-week high of $28.66. The stock’s 50 day moving average price is $23.28 and its 200-day moving average price is $21.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $3.45 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.54 and a beta of 1.17.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Thursday, July 6th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.63%. The ex-dividend date was Wednesday, July 5th. Cousins Properties’s dividend payout ratio (DPR) is presently 129.29%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CUZ shares. Truist Financial upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $27.00 to $28.00 in a research report on Friday. KeyCorp initiated coverage on shares of Cousins Properties in a report on Monday, September 11th. They set an “underweight” rating and a $19.00 price target on the stock. Evercore ISI lifted their price target on shares of Cousins Properties from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, August 16th. Barclays lifted their price target on shares of Cousins Properties from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, August 25th. Finally, StockNews.com initiated coverage on shares of Cousins Properties in a report on Saturday, August 19th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Cousins Properties presently has an average rating of “Hold” and an average target price of $25.70.

About Cousins Properties

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 buildings located in high-growth Sun Belt markets.