Geode Capital Management LLC Buys 47,633 Shares of Cousins Properties Incorporated $CUZ

Geode Capital Management LLC grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,448,764 shares of the real estate investment trust’s stock after acquiring an additional 47,633 shares during the period. Geode Capital Management LLC’s holdings in Cousins Properties were worth $88,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc increased its holdings in shares of Cousins Properties by 2,539.5% during the third quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 965 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Cousins Properties by 128.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 692 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of Cousins Properties by 176.1% during the fourth quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,150 shares in the last quarter. Danske Bank A S bought a new position in shares of Cousins Properties during the third quarter valued at $52,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Cousins Properties by 55.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 753 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Trading Down 0.0%

Shares of NYSE:CUZ opened at $27.68 on Monday. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of -922.43, a PEG ratio of 2.05 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50-day simple moving average is $24.98 and its two-hundred day simple moving average is $24.83. Cousins Properties Incorporated has a 52-week low of $21.03 and a 52-week high of $30.81.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.21). The firm had revenue of $263.11 million during the quarter, compared to analysts’ expectations of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Analysts expect that Cousins Properties Incorporated will post 2.93 EPS for the current year.

Cousins Properties announced that its board has approved a stock repurchase program on Tuesday, February 17th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, April 7th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, April 7th. Cousins Properties’s dividend payout ratio is -4,266.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Robert W. Baird set a $33.00 price target on Cousins Properties in a report on Wednesday, February 25th. BMO Capital Markets dropped their price objective on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, March 12th. Truist Financial dropped their price objective on Cousins Properties from $28.00 to $24.00 and set a “hold” rating on the stock in a research report on Tuesday, March 17th. Barclays dropped their price objective on Cousins Properties from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Capital One Financial set a $27.00 price objective on Cousins Properties in a research report on Thursday, March 12th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.73.

About Cousins Properties

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.