Oak Thistle LLC Sells 8,859 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Oak Thistle LLC cut its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,271 shares of the real estate investment trust’s stock after selling 8,859 shares during the period. Oak Thistle LLC’s holdings in Cousins Properties were worth $958,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CUZ. Larson Financial Group LLC boosted its stake in Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 438 shares during the last quarter. Signaturefd LLC boosted its position in shares of Cousins Properties by 30.8% during the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 651 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cousins Properties during the second quarter worth $115,000. Quarry LP grew its holdings in Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,697 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Cousins Properties by 168.0% in the 3rd quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 2,543 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

Cousins Properties Stock Up 2.1 %

Shares of NYSE CUZ opened at $30.13 on Thursday. The business’s fifty day moving average price is $30.67 and its 200-day moving average price is $28.88. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. The stock has a market capitalization of $4.76 billion, a PE ratio of 91.30, a P/E/G ratio of 4.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.60). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The business had revenue of $209.21 million for the quarter, compared to analysts’ expectations of $212.54 million. During the same period last year, the company earned $0.65 earnings per share. Cousins Properties’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Cousins Properties Incorporated will post 2.68 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.25%. Cousins Properties’s payout ratio is 387.88%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CUZ shares. Wells Fargo & Company upped their target price on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Jefferies Financial Group upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Barclays upped their target price on Cousins Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday. Finally, StockNews.com lowered Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Cousins Properties has an average rating of “Moderate Buy” and a consensus target price of $33.22.

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.