Cousins Properties Incorporated $CUZ Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 0.4% during the 2nd quarter, Holdings Channel reports. The firm owned 3,308,911 shares of the real estate investment trust’s stock after acquiring an additional 12,039 shares during the quarter. Geode Capital Management LLC’s holdings in Cousins Properties were worth $99,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Resolution Capital Ltd lifted its stake in shares of Cousins Properties by 33.5% during the first quarter. Resolution Capital Ltd now owns 5,886,133 shares of the real estate investment trust’s stock worth $173,641,000 after buying an additional 1,477,044 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its stake in Cousins Properties by 454.9% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,627,864 shares of the real estate investment trust’s stock worth $48,885,000 after acquiring an additional 1,334,492 shares during the last quarter. Jennison Associates LLC lifted its position in Cousins Properties by 51.5% during the 2nd quarter. Jennison Associates LLC now owns 3,535,111 shares of the real estate investment trust’s stock worth $106,159,000 after acquiring an additional 1,200,952 shares during the period. Vanguard Group Inc. grew its stake in Cousins Properties by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust’s stock valued at $759,735,000 after purchasing an additional 951,637 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Cousins Properties by 106.6% in the first quarter. Invesco Ltd. now owns 1,289,407 shares of the real estate investment trust’s stock valued at $38,038,000 after purchasing an additional 665,391 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the company’s 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 of the company’s stock, valued at $396,077.40. This 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 currently owned by insiders.

Analyst Ratings Changes

CUZ has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cousins Properties in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Jefferies Financial Group downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating and dropped their price objective for the company from $34.00 to $27.00 in a report on Monday, October 13th. JPMorgan Chase & Co. raised their target price 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. Finally, Truist Financial decreased their target price on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Cousins Properties Stock Down 1.5%

CUZ opened at $24.77 on Friday. The company has a fifty day moving average of $27.08 and a two-hundred day moving average of $28.05. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 66.93, a PEG ratio of 2.29 and a beta of 1.36. Cousins Properties Incorporated has a fifty-two week low of $24.07 and a fifty-two week high of $32.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) 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 business had revenue of $248.33 million for the quarter, compared to analyst estimates of $239.70 million. During the same period in the prior year, the company posted $0.67 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. On average, research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.2%. Cousins Properties’s payout ratio is 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.