Foundry Partners LLC Has $11.19 Million Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Foundry Partners LLC increased its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 1.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 379,264 shares of the real estate investment trust’s stock after acquiring an additional 5,125 shares during the period. Foundry Partners LLC owned 0.23% of Cousins Properties worth $11,188,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CUZ. Proficio Capital Partners LLC acquired a new stake in shares of Cousins Properties in the 4th quarter valued at $724,000. Avantax Advisory Services Inc. boosted its holdings in shares of Cousins Properties by 4.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 27,008 shares of the real estate investment trust’s stock valued at $828,000 after purchasing an additional 1,038 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Cousins Properties by 0.8% during the 4th quarter. Swiss National Bank now owns 299,233 shares of the real estate investment trust’s stock valued at $9,168,000 after acquiring an additional 2,400 shares in the last quarter. Corient Private Wealth LLC bought a new position in Cousins Properties during the 4th quarter worth $201,000. Finally, Cibc World Markets Corp raised its position in Cousins Properties by 14.4% during the 4th quarter. Cibc World Markets Corp now owns 45,985 shares of the real estate investment trust’s stock worth $1,409,000 after purchasing an additional 5,778 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Stock Up 0.2%

NYSE:CUZ opened at $28.22 on Friday. The firm has a market capitalization of $4.74 billion, a P/E ratio of 85.52, a PEG ratio of 2.63 and a beta of 1.33. Cousins Properties Incorporated has a 1-year low of $24.02 and a 1-year high of $32.55. The company’s fifty day moving average price is $29.04 and its 200-day moving average price is $29.03. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 0.89.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Cousins Properties had a net margin of 5.97% and a return on equity of 1.15%. The company had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. During the same quarter last year, the business earned $0.65 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Monday, July 7th. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

Analysts Set New Price Targets

A number of brokerages have commented on CUZ. Evercore ISI boosted their price objective on Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a report on Monday, May 19th. Mizuho increased their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Wall Street Zen raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Wells Fargo & Company dropped their target price on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Finally, Wolfe Research upgraded shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

Cousins Properties 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.