Vert Asset Management LLC Acquires 2,218 Shares of Cousins Properties Incorporated $CUZ

Vert Asset Management LLC grew its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,882 shares of the real estate investment trust’s stock after buying an additional 2,218 shares during the quarter. Cousins Properties makes up 0.8% of Vert Asset Management LLC’s portfolio, making the stock its 27th largest position. Vert Asset Management LLC’s holdings in Cousins Properties were worth $2,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC increased its stake in shares of Cousins Properties by 5.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 396,754 shares of the real estate investment trust’s stock worth $11,915,000 after purchasing an additional 20,061 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Cousins Properties by 1.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 293,438 shares of the real estate investment trust’s stock worth $8,812,000 after purchasing an additional 3,820 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Cousins Properties by 49.3% during the 2nd quarter. Ballentine Partners LLC now owns 17,044 shares of the real estate investment trust’s stock worth $512,000 after purchasing an additional 5,629 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Cousins Properties by 74.8% during the 2nd quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Cousins Properties by 14.3% during the 2nd quarter. Parallel Advisors LLC now owns 3,932 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 493 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

Cousins Properties Stock Performance

NYSE CUZ opened at $29.03 on Thursday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4.88 billion, a P/E ratio of 78.46, a P/E/G ratio of 2.62 and a beta of 1.39. Cousins Properties Incorporated has a 12-month low of $24.07 and a 12-month high of $32.55. The firm has a 50-day moving average price of $28.26 and a two-hundred day moving average price of $28.41.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. The firm had revenue of $237.72 million during the quarter, compared to the consensus estimate of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.4%. Cousins Properties’s payout ratio is currently 345.95%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CUZ. JPMorgan Chase & Co. boosted their price objective on shares of Cousins Properties from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday. Truist Financial lowered their price objective on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, August 26th. Evercore ISI boosted their price objective on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Mizuho upped their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Finally, Wall Street Zen lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, September 6th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.91.

Insider Transactions at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $29.30, for a total transaction of $135,131.60. Following the completion of the sale, the chief accounting officer owned 13,518 shares of the company’s stock, valued at approximately $396,077.40. This represents a 25.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

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.