Cousins Properties Incorporated $CUZ Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,025 shares of the real estate investment trust’s stock after buying an additional 701 shares during the period. Geneos Wealth Management Inc.’s holdings in Cousins Properties were worth $178,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 worth $759,735,000 after buying an additional 951,637 shares during the last quarter. Resolution Capital Ltd increased its holdings in shares of Cousins Properties by 33.5% during 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 buying an additional 1,477,044 shares during the last quarter. Jennison Associates LLC increased its holdings 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 buying an additional 132,653 shares during the last quarter. Northern Trust Corp increased its holdings in shares of 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 worth $55,434,000 after buying an additional 35,578 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position 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 worth $40,853,000 after purchasing an additional 12,131 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CUZ. Truist Financial decreased their price target 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. Evercore ISI upped their price target on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research report on Monday. Mizuho upped their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Finally, Wall Street Zen cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Cousins Properties presently has a consensus rating of “Moderate Buy” and an average target price of $32.50.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $29.28 on Wednesday. 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 one year low of $24.07 and a one year high of $32.55. The company’s 50-day simple moving average is $28.25 and its 200-day simple moving average is $28.42. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 79.14, a PEG ratio of 2.65 and a beta of 1.39.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, meeting analysts’ consensus estimates of $0.70. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The company had revenue of $237.72 million during the quarter, compared to the consensus estimate of $243.73 million. During the same period in the previous year, the firm posted $0.68 earnings per share. Cousins Properties’s quarterly revenue was up 12.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Equities analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Insider Activity

In other Cousins Properties 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 value of $135,131.60. Following the completion of the sale, the chief accounting officer directly owned 13,518 shares in the company, valued at $396,077.40. This represents a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.47% of the company’s stock.

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.