Intech Investment Management LLC Has $1.02 Million Stock Position in Cousins Properties Incorporated $CUZ

Intech Investment Management LLC increased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 40.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,785 shares of the real estate investment trust’s stock after buying an additional 9,806 shares during the quarter. Intech Investment Management LLC’s holdings in Cousins Properties were worth $1,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CUZ. Jump Financial LLC acquired a new stake in shares of Cousins Properties during the first quarter worth about $396,000. US Bancorp DE increased its stake in Cousins Properties by 21.3% during the 2nd quarter. US Bancorp DE now owns 26,144 shares of the real estate investment trust’s stock worth $785,000 after purchasing an additional 4,593 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Cousins Properties by 1.0% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 185,532 shares of the real estate investment trust’s stock worth $5,572,000 after buying an additional 1,779 shares during the period. Sequoia Financial Advisors LLC bought a new position in Cousins Properties in the second quarter valued at approximately $620,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Cousins Properties by 2.7% in the first quarter. Cetera Investment Advisers now owns 16,377 shares of the real estate investment trust’s stock valued at $483,000 after buying an additional 427 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Insider Activity

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

Cousins Properties Stock Performance

Shares of CUZ stock opened at $25.12 on Tuesday. The stock has a market cap of $4.22 billion, a P/E ratio of 67.88, a P/E/G ratio of 2.29 and a beta of 1.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45. The company has a fifty day moving average price of $26.91 and a two-hundred day moving average price of $28.02. Cousins Properties Incorporated has a one year low of $24.07 and a one year high of $32.55.

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

Cousins Properties Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on CUZ. JPMorgan Chase & Co. raised their price objective on shares of Cousins Properties from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Wells Fargo & Company lowered their target price on Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Jefferies Financial Group lowered Cousins Properties from a “buy” rating to a “hold” rating and cut their price target for the company from $34.00 to $27.00 in a report on Monday, October 13th. Truist Financial decreased their price objective on Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, August 26th. Finally, Wall Street Zen lowered Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Cousins Properties Company Profile

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.