New Age Alpha Advisors LLC Invests $967,000 in Cousins Properties Incorporated (NYSE:CUZ)

New Age Alpha Advisors LLC bought a new position in shares of Cousins Properties Incorporated (NYSE:CUZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 31,572 shares of the real estate investment trust’s stock, valued at approximately $967,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CUZ. Jones Financial Companies Lllp raised its position in shares of Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 869 shares in the last quarter. UMB Bank n.a. increased its holdings in Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 395 shares in the last quarter. Quarry LP lifted its stake in Cousins Properties by 74.5% in the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,697 shares during the period. BankPlus Trust Department bought a new position in shares of Cousins Properties during the 4th quarter worth approximately $142,000. Finally, Assetmark Inc. boosted its holdings in shares of Cousins Properties by 15.3% during the 4th quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 794 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Price Performance

CUZ stock opened at $29.49 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The business has a 50-day simple moving average of $29.93 and a two-hundred day simple moving average of $30.25. The company has a market capitalization of $4.95 billion, a P/E ratio of 98.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating 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%. Research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties’s payout ratio is currently 426.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CUZ shares. 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 report on Tuesday, December 3rd. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group started coverage on Cousins Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $35.00 target price for the company. Finally, Barclays dropped their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.89.

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.