Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust.
Several other hedge funds also recently added to or reduced their stakes in the company. Palisade Capital Management Llc acquired 369,704 shares as Cousins Pptys Inc (CUZ)'s stock declined 0.69%. Dimensional Fund Advisors LP now owns 4,698,968 shares of the real estate investment trust's stock worth $39,986,000 after buying an additional 1,837,508 shares in the last quarter.
Cousins Properties Inc (CUZ) announced that its Board of Directors has declared a cash dividend of $0.06 per common share for the second quarter of 2017. Finally, APG Asset Management US Inc. raised its stake in Cousins Properties by 49.7% in the first quarter. Glen Harbor Capital Management LLC now owns 14,388 shares of the real estate investment trust's stock valued at $119,000 after buying an additional 4,576 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Cousins Properties during the fourth quarter valued at $431,000. Finally, Oakbrook Investments LLC boosted its position in Cousins Properties by 7.0% in the first quarter. Oakbrook Investments LLC now owns 15,200 shares of the real estate investment trust's stock worth $126,000 after buying an additional 1,000 shares during the last quarter. CUZ exchanged 1.32 million shares in recent session versus to the average volume of 3.43 million shares while its relative volume is 0.39. The stock's 50 day moving average is $8.75 and its 200 day moving average is $8.47. Cousins Properties Incorporated has a 12-month low of $7.04 and a 12-month high of $9.10. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 44.82 and a beta of 1.06. Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.13. The firm had revenue of $112.50 million during the quarter, compared to analysts' expectations of $116.11 million. Cousins Properties had a net margin of 3.57% and a return on equity of 0.75%. Cousins Properties's revenue for the quarter was up 147.8% compared to the same quarter a year ago. During the same quarter in the previous year, the company earned $0.21 earnings per share. Equities research analysts forecast that Cousins Properties Incorporated will post $0.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. First Tru Advsr Limited Partnership invested in 0.02% or 627,682 shares. This represents a $0.24 dividend on an annualized basis and a yield of 2.69%. The firm has "Hold" rating by TD Securities given on Thursday, June 1. Cousins Properties's dividend payout ratio (DPR) is 114.29%.
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A number of other brokerages also recently commented on CUZ.
Analysts are speculating a 11.86% move, based on the high target price ($10) for the shares that is set to reach in the next 12 months. ValuEngine cut Cousins Properties from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. Robert W. Baird raised Cousins Properties from a "neutral" rating to an "outperform" rating and increased their price target for the company from $9.00 to $10.00 in a research note on Tuesday, May 16th.
In other Cousins Properties news, Director Lillian C. Giornelli sold 9,939 shares of the stock in a transaction on Wednesday, April 12th. As for the mean price target, it implies upside of 5.81% from the $8.78 prior closing price. Following the sale, the director now directly owns 102,307 shares of the company's stock, valued at approximately $862,448.01. The stock was sold at an average price of $8.43, for a total transaction of $83,785.77. Following the completion of the sale, the director now directly owns 102,307 shares in the company, valued at $856,309.59. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,203 shares of company stock valued at $700,907. Insiders ownership held at 0.50%. Additionally, Cousins Properties Incorporated (CUZ) stock price has gone up by 0.69% over the last 20 trading days, and its price is -3.41% below the 52-week high. The Company's segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other.