Oak Thistle LLC Sells 8,859 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Oak Thistle LLC reduced its position in Cousins Properties Incorporated (NYSE:CUZ) by 22.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,271 shares of the real estate investment trust’s stock after selling 8,859 shares during the quarter. Oak Thistle LLC’s holdings in Cousins Properties were worth $958,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Capital Investment Advisors LLC boosted its holdings in Cousins Properties by 17.6% in the 4th quarter. Capital Investment Advisors LLC now owns 384,983 shares of the real estate investment trust’s stock valued at $11,796,000 after purchasing an additional 57,707 shares during the period. JPMorgan Chase & Co. raised its position in shares of Cousins Properties by 21.5% in the third quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust’s stock worth $51,580,000 after buying an additional 309,571 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of Cousins Properties by 36.6% in the third quarter. Sanctuary Advisors LLC now owns 31,660 shares of the real estate investment trust’s stock worth $1,004,000 after buying an additional 8,479 shares in the last quarter. Virtu Financial LLC bought a new stake in Cousins Properties during the third quarter valued at $227,000. Finally, TCW Group Inc. purchased a new position in Cousins Properties during the third quarter worth about $1,274,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Price Performance

CUZ stock opened at $30.13 on Thursday. The firm has a market cap of $4.76 billion, a P/E ratio of 91.30, a P/E/G ratio of 4.08 and a beta of 1.29. The firm’s fifty day moving average is $30.67 and its 200 day moving average is $28.88. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17.

Cousins Properties (NYSE:CUZ) last announced 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). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The company had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. During the same period last year, the business posted $0.65 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts predict that Cousins Properties Incorporated will post 2.68 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were given a $0.32 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.25%. Cousins Properties’s payout ratio is currently 387.88%.

Analyst Ratings Changes

Several research firms have weighed in on CUZ. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and raised their price target for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Truist Financial raised their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company boosted their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. StockNews.com cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Finally, KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.22.

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.