Boston Partners Boosts Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Boston Partners grew its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 4.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 738,070 shares of the real estate investment trust’s stock after acquiring an additional 33,602 shares during the period. Boston Partners’ holdings in Cousins Properties were worth $22,592,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in Cousins Properties by 1,609.3% during the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 869 shares in the last quarter. UMB Bank n.a. boosted its stake in Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC raised its holdings in Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 438 shares during the last quarter. Quarry LP increased its position in shares of Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,697 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in Cousins Properties during the 4th quarter valued at $142,000. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Up 0.1 %

Shares of CUZ opened at $29.83 on Friday. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. The firm has a fifty day moving average price of $29.93 and a 200-day moving average price of $30.17. The firm has a market capitalization of $5.00 billion, a P/E ratio of 99.44, a P/E/G ratio of 2.98 and a beta of 1.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.29%. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Analyst Ratings Changes

CUZ has been the topic of several research analyst reports. Robert W. Baird lowered their target price on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and upped their price target for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a research note on Monday. They set a “buy” rating and a $35.00 price target on the stock. KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research report on Tuesday, December 17th. Finally, Barclays decreased their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.89.

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.