31,572 Shares in Cousins Properties Incorporated (NYSE:CUZ) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 31,572 shares of the real estate investment trust’s stock, valued at approximately $967,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CUZ. Jones Financial Companies Lllp raised its position in shares of Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 869 shares in the last quarter. UMB Bank n.a. raised its holdings 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 valued at $30,000 after acquiring an additional 395 shares in the last quarter. Quarry LP lifted its position in shares of Cousins Properties by 74.5% during the 3rd 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 during the period. BankPlus Trust Department acquired a new stake in shares of Cousins Properties during the 4th quarter worth $142,000. Finally, Assetmark Inc. increased its position in shares of Cousins Properties by 15.3% in the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 794 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Stock Down 0.2 %

Shares of NYSE CUZ opened at $29.49 on Tuesday. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $4.95 billion, a PE ratio of 98.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. The company has a 50 day simple moving average of $29.93 and a 200 day simple moving average of $30.25.

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

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.34%. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CUZ. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Jefferies Financial Group assumed coverage on shares of Cousins Properties in a research report on Monday, March 17th. They set a “buy” rating and a $35.00 price objective for the company. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and raised their target price for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Finally, Truist Financial boosted their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.