Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 46.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,728 shares of the real estate investment trust’s stock after purchasing an additional 2,754 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Cousins Properties were worth $267,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Arizona State Retirement System increased its position in Cousins Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust’s stock worth $1,353,000 after purchasing an additional 366 shares in the last quarter. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 395 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Cousins Properties by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust’s stock valued at $695,000 after acquiring an additional 485 shares during the period. Norinchukin Bank The lifted its holdings in shares of Cousins Properties by 7.5% during the 4th quarter. Norinchukin Bank The now owns 7,393 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 513 shares in the last quarter. Finally, FIL Ltd lifted its holdings in shares of Cousins Properties by 24.6% during the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 643 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Price Performance

Shares of CUZ stock opened at $27.04 on Wednesday. The firm has a market cap of $4.54 billion, a P/E ratio of 90.14, a P/E/G ratio of 2.98 and a beta of 1.24. The firm has a fifty day moving average of $28.59 and a two-hundred day moving average of $29.91. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. Cousins Properties Incorporated has a 1-year low of $22.01 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were issued a $0.32 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.73%. Cousins Properties’s dividend payout ratio is currently 426.67%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CUZ. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. Barclays dropped their target price on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group assumed coverage on Cousins Properties in a report on Monday, March 17th. They issued a “buy” rating and a $35.00 price target for the company. Robert W. Baird dropped their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Finally, Wolfe Research raised shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.70.

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.