Cullen Capital Management LLC Buys 6,180 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Cullen Capital Management LLC raised its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 22.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 34,176 shares of the real estate investment trust’s stock after purchasing an additional 6,180 shares during the period. Cullen Capital Management LLC’s holdings in Cousins Properties were worth $1,047,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CUZ. Arizona State Retirement System grew its stake in shares of Cousins Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust’s stock valued at $1,353,000 after acquiring an additional 366 shares during the period. UMB Bank n.a. boosted its position in shares of Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 395 shares during the period. Pacer Advisors Inc. boosted its position in shares of Cousins Properties by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust’s stock worth $695,000 after purchasing an additional 485 shares during the period. Assetmark Inc. increased its stake 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 in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Cousins Properties by 1.5% during the 4th quarter. Yousif Capital Management LLC now owns 56,824 shares of the real estate investment trust’s stock valued at $1,741,000 after purchasing an additional 829 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

CUZ has been the topic of several research analyst reports. Robert W. Baird lowered their price objective on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Jefferies Financial Group began coverage on shares of Cousins Properties in a report on Monday, March 17th. They set a “buy” rating and a $35.00 price objective for the company. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, Barclays reduced their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Four 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $32.89.

Cousins Properties Stock Down 4.2 %

Shares of NYSE CUZ opened at $26.01 on Friday. 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 Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. The firm’s 50-day moving average price is $29.72 and its 200-day moving average price is $30.21. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 86.70, a P/E/G ratio of 2.98 and a beta of 1.24.

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

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties’s payout ratio is 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.