Ameriprise Financial Inc. Has $28.38 Million Position in Cousins Properties Incorporated (NYSE:CUZ)

Ameriprise Financial Inc. grew its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 926,239 shares of the real estate investment trust’s stock after buying an additional 11,466 shares during the quarter. Ameriprise Financial Inc. owned 0.59% of Cousins Properties worth $28,380,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Rhumbline Advisers increased its stake in Cousins Properties by 4.9% in the fourth quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust’s stock valued at $14,304,000 after acquiring an additional 21,939 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Cousins Properties by 7.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust’s stock worth $82,047,000 after buying an additional 189,411 shares in the last quarter. KBC Group NV lifted its position in shares of Cousins Properties by 23.2% during the 4th quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 1,135 shares during the period. Van ECK Associates Corp boosted its stake in Cousins Properties by 24.5% in the 4th quarter. Van ECK Associates Corp now owns 36,162 shares of the real estate investment trust’s stock valued at $1,108,000 after buying an additional 7,119 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Cousins Properties by 13.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 250,886 shares of the real estate investment trust’s stock valued at $7,609,000 after acquiring an additional 30,600 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Robert W. Baird cut their target price on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Wolfe Research raised Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Monday, April 7th. Barclays dropped their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, Jefferies Financial Group initiated coverage on Cousins Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $35.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.70.

Cousins Properties Price Performance

CUZ opened at $28.33 on Wednesday. The company has a fifty day moving average price of $27.95 and a two-hundred day moving average price of $29.63. The firm has a market capitalization of $4.76 billion, a PE ratio of 94.43, a P/E/G ratio of 2.98 and a beta of 1.34. Cousins Properties Incorporated has a 52 week low of $22.01 and a 52 week high of $32.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company 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 of this dividend was Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.52%. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

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.