Boston Partners reduced its position in shares of Cousins Properties Incorporated (NYSE:CUZ – Free Report) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 945,526 shares of the real estate investment trust’s stock after selling 32,833 shares during the period. Boston Partners’ holdings in Cousins Properties were worth $21,655,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC boosted its stake in shares of Cousins Properties by 250.6% during the 1st quarter. Global Retirement Partners LLC now owns 1,241 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 887 shares during the last quarter. Belpointe Asset Management LLC boosted its position in shares of Cousins Properties by 104.9% in the first quarter. Belpointe Asset Management LLC now owns 1,348 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 690 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Cousins Properties in the first quarter worth approximately $39,000. EverSource Wealth Advisors LLC boosted its position in shares of Cousins Properties by 4,392.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,797 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,757 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Cousins Properties by 89.2% in the first quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 495 shares during the last quarter.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Mizuho decreased their target price on shares of Cousins Properties from $22.00 to $19.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 18th. Barclays raised their target price on shares of Cousins Properties from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. KeyCorp began coverage on shares of Cousins Properties in a report on Monday, September 11th. They issued an “underweight” rating and a $19.00 price target on the stock. Finally, Evercore ISI cut their price target on shares of Cousins Properties from $28.00 to $26.00 in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.20.
Cousins Properties Trading Up 1.0 %
CUZ opened at $19.98 on Friday. The firm has a market capitalization of $3.03 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.35 and a beta of 1.21. The firm’s 50 day moving average is $19.70 and its 200-day moving average is $21.33. Cousins Properties Incorporated has a 52-week low of $17.40 and a 52-week high of $28.66. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.53.
Cousins Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Wednesday, October 4th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.41%. Cousins Properties’s dividend payout ratio is currently 216.95%.
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.
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