Orion Portfolio Solutions LLC Buys 21,066 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Orion Portfolio Solutions LLC boosted its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 172.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 33,275 shares of the real estate investment trust’s stock after buying an additional 21,066 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Cousins Properties were worth $981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd purchased a new position in shares of Cousins Properties during the 3rd quarter worth about $588,000. Wellington Management Group LLP purchased a new position in shares of Cousins Properties during the third quarter valued at approximately $20,276,000. State Street Corp grew its stake in shares of Cousins Properties by 0.6% during the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock valued at $224,251,000 after buying an additional 48,668 shares during the last quarter. Systematic Financial Management LP purchased a new stake in shares of Cousins Properties in the third quarter worth approximately $620,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Cousins Properties during the 3rd quarter worth approximately $268,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Up 1.1 %

Shares of Cousins Properties stock opened at $30.64 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 92.85, a PEG ratio of 4.02 and a beta of 1.29. The firm’s 50-day moving average is $30.90 and its two-hundred day moving average is $27.75. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.55.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The business had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. Cousins Properties’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. As a group, research analysts expect that Cousins Properties Incorporated will post 2.68 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were issued a $0.32 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.18%. Cousins Properties’s dividend payout ratio is presently 387.88%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CUZ shares. Barclays increased their target price on Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Truist Financial raised their price target on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Evercore ISI boosted their price objective on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Robert W. Baird boosted their price target on Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus price target of $31.71.

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.