UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 104,827 Shares of Cousins Properties Incorporated $CUZ

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 8.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,343,619 shares of the real estate investment trust’s stock after buying an additional 104,827 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.80% of Cousins Properties worth $39,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of 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 period. Resolution Capital Ltd lifted its position in shares of Cousins Properties by 33.5% in the 1st quarter. Resolution Capital Ltd now owns 5,886,133 shares of the real estate investment trust’s stock worth $173,641,000 after purchasing an additional 1,477,044 shares during the period. Jennison Associates LLC raised its stake in shares of Cousins Properties by 6.0% during the 1st quarter. Jennison Associates LLC now owns 2,334,159 shares of the real estate investment trust’s stock worth $68,858,000 after acquiring an additional 132,653 shares in the last quarter. Northern Trust Corp increased its stake in Cousins Properties by 1.9% during the 1st quarter. Northern Trust Corp now owns 1,879,133 shares of the real estate investment trust’s stock valued at $55,434,000 after purchasing an additional 35,578 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Cousins Properties by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust’s stock valued at $40,853,000 after purchasing an additional 12,131 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Performance

CUZ stock opened at $29.17 on Tuesday. The stock has a market cap of $4.90 billion, a P/E ratio of 78.84, a P/E/G ratio of 2.67 and a beta of 1.39. 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 Incorporated has a 52 week low of $24.07 and a 52 week high of $32.55. The firm has a 50 day simple moving average of $28.24 and a 200 day simple moving average of $28.42.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. The firm 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 period in the previous year, the company earned $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.4%. Cousins Properties’s dividend payout ratio (DPR) is currently 345.95%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Truist Financial lowered their price target on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, August 26th. Mizuho lifted their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Wells Fargo & Company reduced their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. Evercore ISI upped their price target on shares of Cousins Properties from $31.00 to $32.00 and gave the company an “in-line” rating in a research report on Monday. Finally, Wall Street Zen lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.50.

Insider Activity at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 4,612 shares of Cousins Properties stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $29.30, for a total value of $135,131.60. Following the sale, the chief accounting officer owned 13,518 shares of the company’s stock, valued at approximately $396,077.40. This trade represents a 25.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.47% of the stock is currently owned by corporate insiders.

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.