Fisher Asset Management LLC Reduces Stock Position in Cousins Properties Incorporated $CUZ

Fisher Asset Management LLC trimmed its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 21.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 507,245 shares of the real estate investment trust’s stock after selling 142,421 shares during the quarter. Fisher Asset Management LLC owned 0.30% of Cousins Properties worth $15,233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jump Financial LLC purchased a new position in shares of Cousins Properties during the 1st quarter worth about $396,000. B&I Capital AG bought a new stake in Cousins Properties in the second quarter worth about $6,305,000. US Bancorp DE boosted its position in shares of Cousins Properties by 21.3% during the second quarter. US Bancorp DE now owns 26,144 shares of the real estate investment trust’s stock valued at $785,000 after buying an additional 4,593 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Cousins Properties during the second quarter valued at approximately $620,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Cousins Properties by 1.0% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 185,532 shares of the real estate investment trust’s stock worth $5,572,000 after buying an additional 1,779 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Insider Transactions at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of Cousins Properties stock in a transaction 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 transaction, the chief accounting officer directly owned 13,518 shares in the company, valued at approximately $396,077.40. This trade represents a 25.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Cousins Properties in a report on Wednesday, October 8th. Jefferies Financial Group lowered shares of Cousins Properties from a “buy” rating to a “hold” rating and lowered their target price for the company from $34.00 to $27.00 in a research note on Monday, October 13th. JPMorgan Chase & Co. reduced their price target on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Cantor Fitzgerald set a $28.00 price objective on shares of Cousins Properties in a research report on Monday. Finally, Truist Financial dropped their target price on shares of Cousins Properties from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.09.

Cousins Properties Stock Up 0.1%

NYSE:CUZ opened at $25.60 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $31.66. The company has a 50-day moving average of $26.46 and a 200 day moving average of $27.89. The firm has a market cap of $4.30 billion, a PE ratio of 73.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. Cousins Properties had a net margin of 5.98% and a return on equity of 1.20%. The business had revenue of $248.33 million during the quarter, compared to analyst estimates of $239.70 million. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. As a group, research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders 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 dividend on an annualized basis and a yield of 5.0%. Cousins Properties’s dividend payout ratio is currently 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.