Polymer Capital Management US LLC Buys New Stake in Cousins Properties Incorporated (NYSE:CUZ)

Polymer Capital Management US LLC purchased a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 8,347 shares of the real estate investment trust’s stock, valued at approximately $256,000.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in shares of Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 869 shares during the period. UMB Bank n.a. boosted its holdings in Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 395 shares during the period. CIBC Private Wealth Group LLC grew its position in Cousins Properties by 473.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 3,551 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of Cousins Properties during the fourth quarter valued at approximately $142,000. Finally, Assetmark Inc. lifted its position in shares of Cousins Properties by 15.3% during 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. 94.38% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Stock Down 1.3 %

CUZ stock opened at $25.70 on Tuesday. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 85.67, a PEG ratio of 2.98 and a beta of 1.24. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The firm has a fifty day moving average price of $29.61 and a two-hundred day moving average price of $30.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74.

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

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.98%. Cousins Properties’s payout ratio is currently 426.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CUZ shares. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Wolfe Research upgraded Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Monday. Barclays reduced their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Robert W. Baird dropped their price objective on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Finally, Jefferies Financial Group assumed coverage on Cousins Properties in a research note on Monday, March 17th. They set a “buy” rating and a $35.00 target price for the company. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.70.

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.