Davis Selected Advisers Grows Position in Cousins Properties Incorporated $CUZ

Davis Selected Advisers lifted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 460,235 shares of the real estate investment trust’s stock after buying an additional 13,300 shares during the quarter. Davis Selected Advisers owned about 0.27% of Cousins Properties worth $13,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. N.E.W. Advisory Services LLC purchased a new position in Cousins Properties during the first quarter valued at approximately $36,000. UMB Bank n.a. lifted 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 valued at $70,000 after buying an additional 1,002 shares in the last quarter. Hantz Financial Services Inc. boosted 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 worth $71,000 after buying an additional 2,242 shares during the period. Manchester Capital Management LLC increased its stake in Cousins Properties by 579.7% in the 1st 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 raised its holdings in Cousins Properties by 16.5% during the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 477 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CUZ. Truist Financial lowered their price target on Cousins Properties from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, August 26th. Jefferies Financial Group cut shares of Cousins Properties from a “buy” rating to a “hold” rating and reduced their price objective for the company from $34.00 to $27.00 in a research report on Monday, October 13th. Evercore ISI upped their target price on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. raised their target price on shares of Cousins Properties from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Finally, Wall Street Zen cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Insider Buying and Selling

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer owned 13,518 shares in the company, valued at $396,077.40. The trade was a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is owned by insiders.

Cousins Properties Price Performance

CUZ stock opened at $25.79 on Friday. Cousins Properties Incorporated has a 52 week low of $24.07 and a 52 week high of $32.55. The firm has a market capitalization of $4.33 billion, a P/E ratio of 69.69, a price-to-earnings-growth ratio of 2.29 and a beta of 1.36. The company has a fifty day simple moving average of $27.48 and a two-hundred day simple moving average of $28.14. 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 (NYSE:CUZ) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 EPS for the quarter, meeting analysts’ consensus estimates of $0.69. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The firm had revenue of $248.33 million during the quarter, compared to the consensus estimate of $239.70 million. During the same quarter last year, the firm earned $0.67 EPS. The firm’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. Analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors 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 dividend on an annualized basis and a yield of 5.0%. Cousins Properties’s dividend payout ratio (DPR) is currently 365.71%.

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.