Aew Capital Management L P Reduces Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Aew Capital Management L P trimmed its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 20.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,746,790 shares of the real estate investment trust’s stock after selling 443,860 shares during the period. Cousins Properties makes up about 1.5% of Aew Capital Management L P’s holdings, making the stock its 23rd largest holding. Aew Capital Management L P owned approximately 1.15% of Cousins Properties worth $42,534,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. PARK CIRCLE Co purchased a new position in Cousins Properties in the third quarter worth approximately $31,000. Cetera Trust Company N.A purchased a new position in shares of Cousins Properties during the fourth quarter worth $156,000. Van Lanschot Kempen Investment Management N.V. purchased a new position in shares of Cousins Properties during the third quarter worth $173,000. Spirit of America Management Corp NY boosted its position in shares of Cousins Properties by 750.0% during the fourth quarter. Spirit of America Management Corp NY now owns 8,500 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 7,500 shares during the period. Finally, Bailard Inc. purchased a new position in shares of Cousins Properties during the fourth quarter worth $224,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Trading Down 0.8 %

CUZ traded down $0.18 during trading on Friday, hitting $22.86. The company’s stock had a trading volume of 2,938,154 shares, compared to its average volume of 1,609,519. The firm’s 50 day moving average price is $23.06 and its 200-day moving average price is $22.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $3.48 billion, a PE ratio of 42.07, a PEG ratio of 6.24 and a beta of 1.27. Cousins Properties Incorporated has a twelve month low of $17.40 and a twelve month high of $25.19.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results 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). Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The business had revenue of $197.00 million during the quarter, compared to analyst estimates of $198.47 million. During the same quarter last year, the firm posted $0.66 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, analysts expect that Cousins Properties Incorporated will post 2.61 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.60%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is currently 232.73%.

Analysts Set New Price Targets

CUZ has been the topic of a number of analyst reports. Barclays cut their price target on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, Truist Financial cut their target price on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.67.

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.