Thrivent Financial for Lutherans Sells 92,071 Shares of Cousins Properties Incorporated $CUZ

Thrivent Financial for Lutherans lessened its stake in Cousins Properties Incorporated (NYSE:CUZ) by 38.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,784 shares of the real estate investment trust’s stock after selling 92,071 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of Cousins Properties worth $4,378,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming increased its stake in Cousins Properties by 224.2% in the 2nd quarter. State of Wyoming now owns 17,657 shares of the real estate investment trust’s stock worth $530,000 after purchasing an additional 12,210 shares during the period. Hudson Bay Capital Management LP grew its holdings in shares of Cousins Properties by 40.7% in the second quarter. Hudson Bay Capital Management LP now owns 2,759,950 shares of the real estate investment trust’s stock worth $82,881,000 after purchasing an additional 797,822 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Cousins Properties by 29.3% in the second quarter. Geneos Wealth Management Inc. now owns 7,791 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 1,766 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Cousins Properties by 5.2% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 367,389 shares of the real estate investment trust’s stock valued at $11,030,000 after buying an additional 18,236 shares during the last quarter. Finally, Adelante Capital Management LLC raised its holdings in Cousins Properties by 32.3% during the 2nd quarter. Adelante Capital Management LLC now owns 902,912 shares of the real estate investment trust’s stock valued at $27,115,000 after buying an additional 220,413 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Performance

Shares of CUZ opened at $25.24 on Friday. The company has a 50-day simple moving average of $25.69 and a two-hundred day simple moving average of $27.67. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $4.24 billion, a PE ratio of 72.12, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21. Cousins Properties Incorporated has a one year low of $24.07 and a one year high of $31.36.

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

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, January 5th will be issued a $0.32 dividend. The ex-dividend date is Monday, January 5th. This represents a $1.28 dividend on an annualized basis and a yield of 5.1%. Cousins Properties’s dividend payout ratio is 365.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Jefferies Financial Group cut Cousins Properties from a “buy” rating to a “hold” rating and cut their target price for the stock from $34.00 to $27.00 in a research note on Monday, October 13th. Truist Financial lowered their price target on Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, December 1st. Evercore ISI lifted their price objective on Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cousins Properties in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.60.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.