Y Intercept Hong Kong Ltd Invests $722,000 in Cousins Properties Incorporated (NYSE:CUZ)

Y Intercept Hong Kong Ltd purchased a new position in shares of Cousins Properties Incorporated (NYSE:CUZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,552 shares of the real estate investment trust’s stock, valued at approximately $722,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CUZ. UMB Bank n.a. raised its stake in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 395 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 438 shares during the last quarter. Quarry LP raised its stake in shares of Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,697 shares during the last quarter. KBC Group NV raised its stake in Cousins Properties by 22.5% in the 3rd quarter. KBC Group NV now owns 4,892 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 897 shares during the last quarter. Finally, Assetmark Inc. raised its stake in Cousins Properties by 19,163.0% in the 3rd quarter. Assetmark Inc. now owns 5,201 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 5,174 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Trading Up 0.6 %

NYSE CUZ opened at $30.35 on Friday. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The company has a 50-day moving average of $30.25 and a 200-day moving average of $29.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $5.09 billion, a P/E ratio of 101.15, a P/E/G ratio of 2.98 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s payout ratio is currently 426.67%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Cousins Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. Robert W. Baird cut their target price on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Wells Fargo & Company boosted their target price on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Truist Financial boosted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

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.