IFM Investors Pty Ltd Reduces Position in Cousins Properties Incorporated $CUZ

IFM Investors Pty Ltd cut its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 19.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,124 shares of the real estate investment trust’s stock after selling 6,612 shares during the quarter. IFM Investors Pty Ltd’s holdings in Cousins Properties were worth $815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of CUZ. ProShare Advisors LLC purchased a new position in Cousins Properties during the 4th quarter valued at about $240,000. Public Employees Retirement System of Ohio increased its position in Cousins Properties by 7.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 294,645 shares of the real estate investment trust’s stock valued at $9,028,000 after acquiring an additional 19,831 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in Cousins Properties during the fourth quarter valued at approximately $85,000. Jefferies Financial Group Inc. bought a new stake in Cousins Properties during the fourth quarter valued at about $793,000. Finally, Employees Retirement System of Texas boosted its position in shares of Cousins Properties by 155.1% in the fourth quarter. Employees Retirement System of Texas now owns 125,000 shares of the real estate investment trust’s stock worth $3,830,000 after purchasing an additional 76,000 shares during the period. Institutional investors own 94.38% of the company’s stock.

Insider Activity

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $29.30, for a total transaction of $135,131.60. Following the sale, the chief accounting officer directly owned 13,518 shares in the company, valued at $396,077.40. This trade represents a 25.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on CUZ. Mizuho increased their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Wall Street Zen cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. Truist Financial cut their price objective on Cousins Properties from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, August 26th. Finally, Evercore ISI increased their price objective on Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.50.

Cousins Properties Price Performance

NYSE CUZ opened at $28.63 on Wednesday. The stock’s fifty day moving average price is $28.24 and its 200 day moving average price is $28.40. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 77.36, a PEG ratio of 2.61 and a beta of 1.39. Cousins Properties Incorporated has a 1 year low of $24.07 and a 1 year high of $32.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45.

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

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, October 3rd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, October 3rd. Cousins Properties’s payout ratio is currently 345.95%.

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.