B&I Capital AG Makes New $6.31 Million Investment in Cousins Properties Incorporated $CUZ

B&I Capital AG bought a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 209,960 shares of the real estate investment trust’s stock, valued at approximately $6,305,000. Cousins Properties makes up approximately 2.1% of B&I Capital AG’s holdings, making the stock its 22nd largest holding. B&I Capital AG owned 0.12% of Cousins Properties at the end of the most recent quarter.

Other institutional investors and hedge funds also recently 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 valued at $759,735,000 after acquiring an additional 951,637 shares during the last quarter. Resolution Capital Ltd boosted its position in Cousins Properties by 33.5% during the first 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 boosted its position in Cousins Properties by 51.5% during the second quarter. Jennison Associates LLC now owns 3,535,111 shares of the real estate investment trust’s stock worth $106,159,000 after purchasing an additional 1,200,952 shares during the period. Geode Capital Management LLC grew its holdings in Cousins Properties by 0.4% during the second quarter. Geode Capital Management LLC now owns 3,308,911 shares of the real estate investment trust’s stock valued at $99,380,000 after purchasing an additional 12,039 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Cousins Properties by 44.2% in the second quarter. JPMorgan Chase & Co. now owns 2,347,664 shares of the real estate investment trust’s stock valued at $70,500,000 after purchasing an additional 719,810 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CUZ shares. Evercore ISI upped their price objective on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Jefferies Financial Group downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $34.00 to $27.00 in a report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Cousins Properties in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. decreased their target price on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.64.

Insider Transactions at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $29.30, for a total value of $135,131.60. Following the completion of the transaction, the chief accounting officer owned 13,518 shares in the company, valued at approximately $396,077.40. This represents a 25.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.47% of the stock is owned by company insiders.

Cousins Properties Stock Up 1.0%

CUZ stock opened at $25.81 on Thursday. Cousins Properties Incorporated has a twelve month low of $24.07 and a twelve month high of $32.55. 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 has a market cap of $4.34 billion, a PE ratio of 69.76, a price-to-earnings-growth ratio of 2.29 and a beta of 1.36. The business’s 50-day simple moving average is $26.78 and its 200 day simple moving average is $27.99.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The company had revenue of $248.33 million during the quarter, compared to the consensus estimate of $239.70 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. On average, research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, October 3rd. Cousins Properties’s payout ratio is 365.71%.

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.