Employees Retirement System of Texas Increases Stock Position in Cousins Properties Incorporated $CUZ

Employees Retirement System of Texas lifted its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 14.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,000 shares of the real estate investment trust’s stock after buying an additional 18,000 shares during the period. Employees Retirement System of Texas owned approximately 0.09% of Cousins Properties worth $4,294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new stake in Cousins Properties during the first quarter worth about $36,000. UMB Bank n.a. grew its holdings 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 worth $70,000 after purchasing an additional 1,002 shares during the period. Hantz Financial Services Inc. increased its position in Cousins Properties by 2,095.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 2,242 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Cousins Properties by 579.7% in the first quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 2,313 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Cousins Properties by 14.3% in the second quarter. Parallel Advisors LLC now owns 3,932 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 493 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Insider Activity at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 4,612 shares of Cousins Properties stock in a transaction on 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 sale, the chief accounting officer owned 13,518 shares of the company’s stock, valued at approximately $396,077.40. The trade was a 25.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is currently owned by company insiders.

Cousins Properties Trading Up 1.0%

Cousins Properties stock opened at $25.81 on Thursday. Cousins Properties Incorporated has a 52-week low of $24.07 and a 52-week high of $32.55. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 69.76, a PEG ratio of 2.29 and a beta of 1.36. The firm has a 50-day moving average price of $26.78 and a two-hundred day moving average price of $27.99.

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

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, October 3rd. Cousins Properties’s payout ratio is currently 365.71%.

Wall Street Analyst Weigh In

CUZ has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. JPMorgan Chase & Co. reduced their price objective on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Tuesday. Jefferies Financial Group lowered Cousins Properties from a “buy” rating to a “hold” rating and lowered their target price for the company from $34.00 to $27.00 in a research note on Monday, October 13th. Truist Financial dropped their target price on Cousins Properties from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, August 26th. Finally, 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 report on Monday, September 15th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.64.

Cousins Properties 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.