BankPlus Trust Department Takes Position in Cousins Properties Incorporated (NYSE:CUZ)

BankPlus Trust Department bought a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,628 shares of the real estate investment trust’s stock, valued at approximately $142,000.

A number of other hedge funds have also recently modified their holdings of CUZ. UMB Bank n.a. boosted its holdings in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 395 shares in the last quarter. Larson Financial Group LLC boosted its stake in Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 438 shares in the last quarter. Signaturefd LLC boosted its stake in Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 651 shares in the last quarter. Quarry LP boosted its stake in Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 1,697 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake 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 worth $120,000 after purchasing an additional 2,543 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Up 0.2 %

Cousins Properties stock opened at $30.17 on Tuesday. The firm has a 50 day moving average of $30.26 and a 200 day moving average of $29.97. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 100.55, a P/E/G ratio of 2.98 and a beta of 1.29. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. 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 earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.24%. Cousins Properties’s payout ratio is 426.67%.

Analyst Ratings Changes

CUZ has been the topic of a number of analyst reports. Robert W. Baird dropped their price target 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. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and upped their target price for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price on the stock in a research note on Tuesday, December 17th. StockNews.com cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Finally, BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and upped their target price for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

Cousins Properties Company 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.