Vanguard Personalized Indexing Management LLC Sells 3,479 Shares of Cousins Properties Incorporated $CUZ

Vanguard Personalized Indexing Management LLC lessened its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 12.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,566 shares of the real estate investment trust’s stock after selling 3,479 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Cousins Properties were worth $708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CUZ. GF Fund Management CO. LTD. lifted its position in Cousins Properties by 14.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 3,175 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 410 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Cousins Properties by 2.7% in the first quarter. Cetera Investment Advisers now owns 16,377 shares of the real estate investment trust’s stock worth $483,000 after buying an additional 427 shares during the last quarter. Signaturefd LLC increased its stake in shares of Cousins Properties by 16.5% in the 1st quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 477 shares in the last quarter. Parallel Advisors LLC increased its holdings in Cousins Properties by 14.3% in the 2nd quarter. Parallel Advisors LLC now owns 3,932 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 493 shares in the last quarter. Finally, State of Michigan Retirement System boosted its holdings in Cousins Properties by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 40,144 shares of the real estate investment trust’s stock worth $1,184,000 after buying an additional 600 shares during the period. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CUZ. Jefferies Financial Group downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating and lowered their target price for the stock from $34.00 to $27.00 in a report on Monday, October 13th. Evercore ISI raised their price target 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. JPMorgan Chase & Co. lifted their target price on Cousins Properties from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Weiss Ratings restated a “hold (c)” rating on shares of Cousins Properties in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.18.

Cousins Properties Trading Down 0.7%

CUZ stock opened at $26.62 on Tuesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. The company’s 50-day simple moving average is $28.32 and its 200-day simple moving average is $28.21. The firm has a market cap of $4.47 billion, a P/E ratio of 71.94, a PEG ratio of 2.42 and a beta of 1.39. Cousins Properties Incorporated has a 52-week low of $24.07 and a 52-week high of $32.55.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business had revenue of $237.72 million for the quarter, compared to the consensus estimate of $243.73 million. During the same period last year, the firm posted $0.68 earnings per share. The company’s 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. As a group, equities analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were given a $0.32 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.8%. Cousins Properties’s dividend payout ratio is 345.95%.

Insider Activity

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of Cousins Properties stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.30, for a total transaction of $135,131.60. Following the transaction, the chief accounting officer directly owned 13,518 shares of the company’s stock, valued at $396,077.40. The trade was a 25.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Cousins Properties 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.