American Century Companies Inc. Acquires 487,859 Shares of Cousins Properties Incorporated $CUZ

American Century Companies Inc. raised its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 1,913.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 513,358 shares of the real estate investment trust’s stock after acquiring an additional 487,859 shares during the period. American Century Companies Inc. owned about 0.31% of Cousins Properties worth $15,144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Barclays PLC boosted its stake in shares of Cousins Properties by 65.8% during the fourth quarter. Barclays PLC now owns 147,146 shares of the real estate investment trust’s stock valued at $4,509,000 after purchasing an additional 58,419 shares during the period. MetLife Investment Management LLC lifted its stake in Cousins Properties by 19.1% in the fourth quarter. MetLife Investment Management LLC now owns 99,107 shares of the real estate investment trust’s stock worth $3,037,000 after acquiring an additional 15,869 shares during the period. Tower Research Capital LLC TRC lifted its stake in Cousins Properties by 15.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,399 shares of the real estate investment trust’s stock worth $349,000 after acquiring an additional 1,485 shares during the period. Dark Forest Capital Management LP purchased a new stake in Cousins Properties in the fourth quarter worth $342,000. Finally, Pinebridge Investments L.P. lifted its stake in Cousins Properties by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 97,830 shares of the real estate investment trust’s stock worth $2,998,000 after acquiring an additional 29,267 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $28.4580 on Monday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.78 billion, a P/E ratio of 76.91, a P/E/G ratio of 1.87 and a beta of 1.33. The business has a fifty day simple moving average of $28.55 and a two-hundred day simple moving average of $28.55. Cousins Properties Incorporated has a 12 month low of $24.07 and a 12 month high of $32.55.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $237.72 million during the quarter, compared to analyst estimates of $243.73 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, equities analysts forecast 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 Thursday, July 17th. Stockholders of record on Monday, July 7th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, July 7th. This represents a $1.28 annualized dividend and a dividend yield of 4.5%. Cousins Properties’s dividend payout ratio (DPR) is presently 345.95%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Evercore ISI raised their price target on Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a research note on Monday, May 19th. Mizuho raised their price target on Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Truist Financial lowered Cousins Properties from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Wednesday, July 2nd. Wells Fargo & Company dropped their price target on Cousins Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Finally, Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cousins Properties has an average rating of “Moderate Buy” and an average price target of $32.50.

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.