Quadrant Capital Group LLC boosted its holdings in Cousins Properties Inc (NYSE:CUZ) by 3,761.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,498 shares of the real estate investment trust’s stock after buying an additional 9,252 shares during the quarter. Quadrant Capital Group LLC’s holdings in Cousins Properties were worth $91,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in Cousins Properties by 11.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,373 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 1,255 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Cousins Properties by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 298,964 shares of the real estate investment trust’s stock worth $2,362,000 after buying an additional 10,200 shares during the last quarter. UBS Oconnor LLC acquired a new position in Cousins Properties in the fourth quarter worth approximately $4,479,000. Frontier Capital Management Co. LLC grew its position in Cousins Properties by 10.4% in the fourth quarter. Frontier Capital Management Co. LLC now owns 6,719,660 shares of the real estate investment trust’s stock worth $53,085,000 after buying an additional 634,211 shares during the last quarter. Finally, Berkeley Capital Partners LLC acquired a new position in Cousins Properties in the fourth quarter worth approximately $87,000.
Cousins Properties stock opened at $9.29 on Wednesday. Cousins Properties Inc has a 52 week low of $7.53 and a 52 week high of $10.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.15 and a quick ratio of 0.90. The company has a market capitalization of $3.99 billion, a P/E ratio of 14.75, a PEG ratio of 3.51 and a beta of 0.98.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were paid a $0.0725 dividend. This is a positive change from Cousins Properties’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.29 dividend on an annualized basis and a yield of 3.12%. Cousins Properties’s dividend payout ratio (DPR) is currently 46.03%.
CUZ has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday, March 7th. Bank of America set a $11.00 price objective on shares of Cousins Properties and gave the stock a “buy” rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Cousins Properties has a consensus rating of “Buy” and a consensus target price of $10.67.
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About Cousins Properties
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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