Aew Capital Management L P Sells 443,860 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Aew Capital Management L P cut its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,746,790 shares of the real estate investment trust’s stock after selling 443,860 shares during the quarter. Cousins Properties accounts for about 1.5% of Aew Capital Management L P’s portfolio, making the stock its 23rd largest position. Aew Capital Management L P’s holdings in Cousins Properties were worth $42,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CUZ. Vanguard Group Inc. boosted its position in Cousins Properties by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 22,680,320 shares of the real estate investment trust’s stock worth $461,998,000 after buying an additional 670,381 shares during the period. Jennison Associates LLC boosted its position in Cousins Properties by 53.2% during the 4th quarter. Jennison Associates LLC now owns 1,092,361 shares of the real estate investment trust’s stock worth $26,599,000 after buying an additional 379,134 shares during the period. LSV Asset Management boosted its position in Cousins Properties by 306.4% during the 3rd quarter. LSV Asset Management now owns 382,749 shares of the real estate investment trust’s stock worth $7,797,000 after buying an additional 288,563 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in Cousins Properties during the 3rd quarter worth approximately $5,396,000. Finally, Tudor Investment Corp Et Al acquired a new stake in Cousins Properties during the 3rd quarter worth approximately $3,961,000. 94.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CUZ. Barclays dropped their price target on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 27th. Truist Financial dropped their price target on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. Finally, StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.67.

Cousins Properties Trading Down 0.8 %

Shares of NYSE:CUZ traded down $0.18 during mid-day trading on Friday, hitting $22.86. The company had a trading volume of 2,938,154 shares, compared to its average volume of 1,609,519. The firm has a fifty day moving average price of $23.06 and a 200 day moving average price of $22.13. The company has a market capitalization of $3.48 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 6.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76. Cousins Properties Incorporated has a one year low of $17.40 and a one year high of $25.19.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.53). The company had revenue of $197.00 million during the quarter, compared to the consensus estimate of $198.47 million. Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. As a group, research analysts forecast that Cousins Properties Incorporated will post 2.61 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, April 4th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 5.60%. Cousins Properties’s dividend payout ratio (DPR) is presently 232.73%.

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.