Creative Planning Has $1.42 Million Holdings in Cousins Properties Incorporated $CUZ

Creative Planning increased its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 24.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,233 shares of the real estate investment trust’s stock after buying an additional 9,379 shares during the period. Creative Planning’s holdings in Cousins Properties were worth $1,418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers grew its holdings in Cousins Properties by 2.7% during the 1st quarter. Cetera Investment Advisers now owns 16,377 shares of the real estate investment trust’s stock worth $483,000 after acquiring an additional 427 shares during the period. Parallel Advisors LLC lifted its stake in shares of 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 valued at $118,000 after purchasing an additional 493 shares during the period. Keybank National Association OH boosted its position in shares of Cousins Properties by 2.9% during the 2nd quarter. Keybank National Association OH now owns 22,967 shares of the real estate investment trust’s stock valued at $690,000 after purchasing an additional 638 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Cousins Properties by 13.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,025 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 701 shares during the period. Finally, Van Hulzen Asset Management LLC grew its stake in Cousins Properties by 5.3% during the first quarter. Van Hulzen Asset Management LLC now owns 16,790 shares of the real estate investment trust’s stock worth $495,000 after purchasing an additional 850 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Trading Down 0.0%

NYSE:CUZ opened at $25.79 on Friday. 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 Incorporated has a one year low of $24.07 and a one year high of $32.35. The company has a market cap of $4.33 billion, a PE ratio of 69.70, a PEG ratio of 2.29 and a beta of 1.36. The firm has a 50-day moving average of $26.65 and a 200-day moving average of $27.95.

Cousins Properties (NYSE:CUZ) last issued 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 firm had revenue of $248.33 million during the quarter, compared to analyst estimates of $239.70 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 18.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. As a group, equities research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

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

Insider Transactions at Cousins Properties

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of Cousins Properties stock in a transaction that occurred on 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 owned 13,518 shares of the company’s stock, valued at $396,077.40. This trade represents a 25.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

CUZ has been the topic of several recent analyst reports. Wall Street Zen lowered Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Evercore ISI increased their target price on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Jefferies Financial Group cut shares of Cousins Properties from a “buy” rating to a “hold” rating and reduced their price target for the stock from $34.00 to $27.00 in a report on Monday, October 13th. JPMorgan Chase & Co. dropped their price objective on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Truist Financial reduced their target price on Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, August 26th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.64.

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.