CORDA Investment Management LLC. boosted its position in Cousins Properties Incorporated (NYSE:CUZ – Free Report) by 2.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,029,285 shares of the real estate investment trust’s stock after purchasing an additional 26,709 shares during the quarter. Cousins Properties accounts for about 1.6% of CORDA Investment Management LLC.’s holdings, making the stock its 29th largest holding. CORDA Investment Management LLC.’s holdings in Cousins Properties were worth $23,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Algebris UK Ltd. bought a new position in shares of Cousins Properties in the fourth quarter worth $12,208,000. Intech Investment Management LLC boosted its stake in Cousins Properties by 222.9% during the fourth quarter. Intech Investment Management LLC now owns 251,847 shares of the real estate investment trust’s stock valued at $6,493,000 after buying an additional 173,840 shares during the period. Tudor Investment Corp ET AL grew its position in Cousins Properties by 1,582.5% during the third quarter. Tudor Investment Corp ET AL now owns 463,057 shares of the real estate investment trust’s stock worth $13,401,000 after buying an additional 435,535 shares in the last quarter. Norges Bank bought a new position in Cousins Properties in the 4th quarter worth about $53,063,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Cousins Properties by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock valued at $332,310,000 after acquiring an additional 419,911 shares in the last quarter. 94.38% of the stock is owned by institutional investors.
Analyst Ratings Changes
CUZ has been the subject of several recent analyst reports. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Truist Financial raised their target price on shares of Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Wells Fargo & Company lifted their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen upgraded shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a research report on Sunday. Finally, Evercore reiterated an “outperform” rating and set a $34.00 price target on shares of Cousins Properties in a research report on Monday, July 6th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.82.
Cousins Properties Stock Performance
Cousins Properties stock opened at $30.24 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $4.98 billion, a PE ratio of -1,007.53, a P/E/G ratio of 2.22 and a beta of 1.19. The firm has a fifty day simple moving average of $28.01 and a two-hundred day simple moving average of $25.58. Cousins Properties Incorporated has a twelve month low of $21.03 and a twelve month high of $31.23.
Cousins Properties (NYSE:CUZ – Get Free Report) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.21). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The company had revenue of $263.11 million for the quarter, compared to analysts’ expectations of $256.77 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Research analysts expect that Cousins Properties Incorporated will post 2.95 EPS for the current year.
Cousins Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Monday, July 6th will be issued a $0.32 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.28 annualized dividend and a dividend yield of 4.2%. Cousins Properties’s dividend payout ratio (DPR) is currently -4,266.67%.
Cousins Properties Company Profile
Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.
Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.
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