Bailard Inc. Makes New $224,000 Investment in Cousins Properties Incorporated (NYSE:CUZ)

Bailard Inc. bought a new stake in Cousins Properties Incorporated (NYSE:CUZ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,212 shares of the real estate investment trust’s stock, valued at approximately $224,000.

Other large investors have also modified their holdings of the company. PARK CIRCLE Co acquired a new position in Cousins Properties in the third quarter valued at about $31,000. Cetera Trust Company N.A acquired a new position in shares of Cousins Properties in the 4th quarter worth approximately $156,000. Van Lanschot Kempen Investment Management N.V. acquired a new stake in Cousins Properties in the 3rd quarter valued at approximately $173,000. Spirit of America Management Corp NY increased its holdings in Cousins Properties by 750.0% in the 4th quarter. Spirit of America Management Corp NY now owns 8,500 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 7,500 shares during the last quarter. Finally, United Services Automobile Association raised its position in Cousins Properties by 23.9% in the third quarter. United Services Automobile Association now owns 13,158 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 2,536 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Price Performance

Shares of NYSE CUZ opened at $23.26 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 47.46, a price-to-earnings-growth ratio of 6.14 and a beta of 1.27. The stock’s 50-day moving average is $23.04 and its two-hundred day moving average is $22.23. Cousins Properties Incorporated has a 1-year low of $17.40 and a 1-year high of $25.19.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). The company had revenue of $209.20 million for the quarter, compared to analyst estimates of $199.35 million. Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. Analysts forecast that Cousins Properties Incorporated will post 2.62 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, April 4th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cousins Properties’s dividend payout ratio is presently 261.22%.

Analysts Set New Price Targets

CUZ has been the subject of several research analyst reports. Truist Financial dropped their price objective on Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. Barclays dropped their target price on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. Finally, StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.67.

Cousins Properties Profile

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.