Cousins Properties Incorporated (NYSE:CUZ) Stock Position Increased by Legato Capital Management LLC

Legato Capital Management LLC grew its position in Cousins Properties Incorporated (NYSE:CUZ) by 11.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,075 shares of the real estate investment trust’s stock after purchasing an additional 2,644 shares during the period. Legato Capital Management LLC’s holdings in Cousins Properties were worth $768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CUZ. Massachusetts Financial Services Co. MA grew its position in Cousins Properties by 3,768.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock worth $68,907,000 after purchasing an additional 2,276,986 shares during the last quarter. Rush Island Management LP bought a new position in Cousins Properties in the 3rd quarter worth about $46,393,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Cousins Properties by 411.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust’s stock worth $32,823,000 after purchasing an additional 895,917 shares during the last quarter. Wellington Management Group LLP bought a new position in Cousins Properties in the 3rd quarter worth about $20,276,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Cousins Properties by 368.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after purchasing an additional 615,118 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CUZ shares. Robert W. Baird upped their target price on shares of Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Jefferies Financial Group raised shares of Cousins Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $33.00 to $36.00 in a research note on Thursday, January 2nd. Barclays reduced their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company upped their price target 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. Finally, Truist Financial upped their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. One investment 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.11.

Cousins Properties Trading Up 0.2 %

NYSE:CUZ opened at $30.50 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 101.65, a price-to-earnings-growth ratio of 3.95 and a beta of 1.29. The stock has a fifty day simple moving average of $30.32 and a 200 day simple moving average of $29.77.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.03%. Sell-side analysts forecast that Cousins Properties Incorporated will post 2.73 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were given a dividend of $0.32 per share. The ex-dividend date was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.20%. Cousins Properties’s payout ratio is presently 426.67%.

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.