Assenagon Asset Management S.A. Purchases 17,635 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Assenagon Asset Management S.A. lifted its position in Cousins Properties Incorporated (NYSE:CUZFree Report) by 20.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,365 shares of the real estate investment trust’s stock after buying an additional 17,635 shares during the period. Assenagon Asset Management S.A. owned about 0.07% of Cousins Properties worth $2,461,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. PARK CIRCLE Co bought a new stake in shares of Cousins Properties in the third quarter worth about $31,000. Principal Securities Inc. bought a new stake in Cousins Properties during the 4th quarter worth approximately $31,000. Cetera Trust Company N.A acquired a new stake in Cousins Properties during the 4th quarter worth approximately $156,000. Van Lanschot Kempen Investment Management N.V. acquired a new stake in Cousins Properties during the 3rd quarter worth approximately $173,000. Finally, Westend Capital Management LLC acquired a new stake in Cousins Properties during the 1st quarter worth approximately $184,000. Institutional investors own 94.38% of the company’s stock.

Insider Activity at Cousins Properties

In related news, CFO Gregg D. Adzema sold 71,097 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $23.31, for a total value of $1,657,271.07. Following the completion of the transaction, the chief financial officer now directly owns 85,872 shares of the company’s stock, valued at $2,001,676.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by company insiders.

Cousins Properties Stock Up 0.6 %

Shares of NYSE CUZ traded up $0.14 during midday trading on Tuesday, reaching $23.77. The company’s stock had a trading volume of 755,019 shares, compared to its average volume of 1,532,764. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57. Cousins Properties Incorporated has a fifty-two week low of $17.40 and a fifty-two week high of $25.19. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 48.51, a PEG ratio of 5.15 and a beta of 1.27. The stock has a 50 day simple moving average of $23.17 and a 200-day simple moving average of $22.81.

Cousins Properties (NYSE:CUZGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). Cousins Properties had a net margin of 9.15% and a return on equity of 1.62%. The business had revenue of $209.20 million during the quarter, compared to analyst estimates of $199.35 million. During the same quarter last year, the business earned $0.65 earnings per share. Cousins Properties’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts predict that Cousins Properties Incorporated will post 2.63 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 paid a $0.32 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 5.38%. Cousins Properties’s dividend payout ratio is presently 261.22%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays dropped their target price on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, Cousins Properties has an average rating of “Hold” and an average price target of $23.67.

Read Our Latest Research Report on CUZ

Cousins Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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