Universal Beteiligungs und Servicegesellschaft mbH Has $11.35 Million Stock Position in Cousins Properties Incorporated $CUZ

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 377,842 shares of the real estate investment trust’s stock after purchasing an additional 1,989 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cousins Properties were worth $11,347,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of Cousins Properties by 2.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 196,842 shares of the real estate investment trust’s stock valued at $5,807,000 after purchasing an additional 4,292 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Cousins Properties by 119.7% in the 1st quarter. Victory Capital Management Inc. now owns 171,397 shares of the real estate investment trust’s stock valued at $5,056,000 after purchasing an additional 93,386 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Cousins Properties by 77.7% in the first quarter. Allianz Asset Management GmbH now owns 98,214 shares of the real estate investment trust’s stock valued at $2,897,000 after buying an additional 42,932 shares in the last quarter. Choreo LLC grew its stake in shares of Cousins Properties by 25.6% during the first quarter. Choreo LLC now owns 27,837 shares of the real estate investment trust’s stock worth $821,000 after buying an additional 5,681 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its holdings in shares of Cousins Properties by 17.9% during the first quarter. KLP Kapitalforvaltning AS now owns 35,584 shares of the real estate investment trust’s stock worth $1,050,000 after buying an additional 5,400 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CUZ has been the topic of several recent research reports. Wall Street Zen downgraded Cousins Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Truist Financial cut their price target on Cousins Properties from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, August 26th. Wells Fargo & Company lowered their price objective on Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cousins Properties in a report on Wednesday, October 8th. Finally, Jefferies Financial Group lowered shares of Cousins Properties from a “buy” rating to a “hold” rating and reduced their target price for the stock from $34.00 to $27.00 in a report on Monday, October 13th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $32.00.

Insider Activity

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the firm’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 $396,077.40. This trade represents a 25.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is owned by corporate insiders.

Cousins Properties Trading Down 0.4%

Shares of CUZ stock opened at $25.15 on Thursday. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $32.55. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 67.96, a PEG ratio of 2.29 and a beta of 1.36. The stock has a 50-day moving average of $27.18 and a 200-day moving average of $28.08.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The company had revenue of $248.33 million for the quarter, compared to analyst estimates of $239.70 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. On average, equities research analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, October 3rd. Cousins Properties’s dividend payout ratio is currently 365.71%.

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.