APG Asset Management US Inc. Sells 192,265 Shares of Cousins Properties Incorporated $CUZ

APG Asset Management US Inc. lowered its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,668,526 shares of the real estate investment trust’s stock after selling 192,265 shares during the quarter. Cousins Properties comprises 1.6% of APG Asset Management US Inc.’s portfolio, making the stock its 17th largest holding. APG Asset Management US Inc. owned approximately 4.57% of Cousins Properties worth $222,771,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Cousins Properties in the third quarter worth $280,000. Handelsbanken Fonder AB raised its holdings in Cousins Properties by 43.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 56,020 shares of the real estate investment trust’s stock worth $1,621,000 after acquiring an additional 17,000 shares during the period. Xponance Inc. lifted its position in Cousins Properties by 35.2% during the 3rd quarter. Xponance Inc. now owns 31,531 shares of the real estate investment trust’s stock worth $913,000 after acquiring an additional 8,213 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Cousins Properties by 4.0% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 125,377 shares of the real estate investment trust’s stock valued at $3,628,000 after acquiring an additional 4,800 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of Cousins Properties by 130.9% in the third quarter. Intech Investment Management LLC now owns 78,007 shares of the real estate investment trust’s stock valued at $2,258,000 after purchasing an additional 44,222 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CUZ shares. Mizuho set a $27.00 price objective on Cousins Properties in a research report on Tuesday. Weiss Ratings lowered Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Barclays reduced their price objective on Cousins Properties from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday. Evercore reaffirmed an “outperform” rating on shares of Cousins Properties in a research report on Friday, February 6th. Finally, Wall Street Zen cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.70.

Cousins Properties Stock Down 3.5%

Shares of CUZ stock opened at $23.14 on Friday. Cousins Properties Incorporated has a one year low of $21.03 and a one year high of $30.81. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a fifty day moving average price of $25.21 and a 200 day moving average price of $26.39. The stock has a market cap of $3.89 billion, a P/E ratio of 96.40, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $255.03 million during the quarter, compared to analysts’ expectations of $252.18 million. Cousins Properties had a net margin of 4.08% and a return on equity of 0.85%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. Analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 17th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, January 5th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, January 5th. Cousins Properties’s payout ratio is presently 533.33%.

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.