Capital Investment Advisors LLC Has $9.65 Million Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Capital Investment Advisors LLC boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 4.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 327,276 shares of the real estate investment trust’s stock after acquiring an additional 13,679 shares during the quarter. Capital Investment Advisors LLC’s holdings in Cousins Properties were worth $9,648,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Cousins Properties by 13.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,470 shares of the real estate investment trust’s stock worth $839,000 after acquiring an additional 3,298 shares during the period. Creative Planning boosted its position in Cousins Properties by 36.2% during the 3rd quarter. Creative Planning now owns 29,316 shares of the real estate investment trust’s stock worth $864,000 after acquiring an additional 7,788 shares during the period. CWM LLC boosted its position in Cousins Properties by 74.6% during the 3rd quarter. CWM LLC now owns 4,298 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 1,836 shares during the period. Handelsbanken Fonder AB boosted its position in Cousins Properties by 14.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 36,620 shares of the real estate investment trust’s stock worth $1,080,000 after acquiring an additional 4,500 shares during the period. Finally, SG Americas Securities LLC boosted its position in Cousins Properties by 4.7% during the 3rd quarter. SG Americas Securities LLC now owns 159,830 shares of the real estate investment trust’s stock worth $4,712,000 after acquiring an additional 7,118 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Stock Up 1.0 %

Shares of CUZ stock opened at $31.82 on Friday. The stock’s 50 day simple moving average is $28.82 and its 200 day simple moving average is $25.45. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. Cousins Properties Incorporated has a twelve month low of $17.40 and a twelve month high of $31.98. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 64.94, a PEG ratio of 4.41 and a beta of 1.30.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The company had revenue of $212.98 million during the quarter, compared to the consensus estimate of $208.18 million. During the same period in the previous year, the business posted $2.75 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, research analysts predict that Cousins Properties Incorporated will post 2.67 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Thursday, October 3rd. Cousins Properties’s payout ratio is 261.22%.

Insider Activity at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 5,997 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the transaction, the chief accounting officer now directly owns 12,529 shares of the company’s stock, valued at approximately $352,440.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CUZ. Truist Financial raised their price objective on Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays lifted their price target on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company lifted their price target on Cousins Properties from $26.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Evercore ISI lifted their price target on Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Robert W. Baird lifted their price target on Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus target price of $30.67.

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.