Jupiter Asset Management Ltd. Raises Position in Cousins Properties Incorporated $CUZ

Jupiter Asset Management Ltd. lifted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 56.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,128,565 shares of the real estate investment trust’s stock after acquiring an additional 407,212 shares during the quarter. Jupiter Asset Management Ltd. owned 0.67% of Cousins Properties worth $33,891,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in CUZ. N.E.W. Advisory Services LLC acquired a new position in Cousins Properties during the 1st quarter valued at approximately $36,000. UMB Bank n.a. increased its position 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 valued at $70,000 after purchasing an additional 1,002 shares during the period. Hantz Financial Services Inc. lifted its holdings in Cousins Properties by 2,095.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,242 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Cousins Properties by 579.7% during the first quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 2,313 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Cousins Properties by 16.5% during the 1st quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 477 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CUZ has been the subject of several research analyst reports. Wells Fargo & Company reduced 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. Evercore ISI upped their price target on Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Wall Street Zen downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. upped their price target on Cousins Properties from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Finally, Jefferies Financial Group lowered shares of Cousins Properties from a “buy” rating to a “hold” rating and cut their price objective for the company from $34.00 to $27.00 in a research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Cousins Properties Stock Down 0.2%

Cousins Properties stock opened at $26.14 on Thursday. The company has a 50 day moving average of $27.55 and a 200-day moving average of $28.16. The stock has a market capitalization of $4.39 billion, a PE ratio of 70.64, a price-to-earnings-growth ratio of 2.29 and a beta of 1.36. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. Cousins Properties Incorporated has a twelve month low of $24.07 and a twelve month high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $246.46 million for the quarter, compared to analyst estimates of $239.70 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. On average, equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were given a $0.32 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.9%. Cousins Properties’s payout ratio is presently 365.71%.

Insiders Place Their Bets

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.30, for a total value of $135,131.60. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by 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.