Citigroup Inc. Trims Position in Cousins Properties Incorporated $CUZ

Citigroup Inc. lessened its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 17.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 194,547 shares of the real estate investment trust’s stock after selling 42,152 shares during the quarter. Citigroup Inc. owned approximately 0.12% of Cousins Properties worth $5,630,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Resolution Capital Ltd raised its stake in Cousins Properties by 0.6% during the second quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock worth $177,754,000 after purchasing an additional 33,097 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Cousins Properties by 7.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,484,297 shares of the real estate investment trust’s stock worth $100,836,000 after acquiring an additional 252,590 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Cousins Properties by 0.4% during the 2nd 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 buying an additional 12,039 shares during the last quarter. Hudson Bay Capital Management LP boosted its stake in Cousins Properties by 40.7% during the 2nd quarter. Hudson Bay Capital Management LP now owns 2,759,950 shares of the real estate investment trust’s stock valued at $82,881,000 after acquiring an additional 797,822 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Cousins Properties by 44.2% during the second quarter. JPMorgan Chase & Co. now owns 2,347,664 shares of the real estate investment trust’s stock worth $70,500,000 after purchasing an additional 719,810 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Price Performance

NYSE CUZ opened at $23.33 on Wednesday. The company has a 50 day simple moving average of $25.12 and a 200-day simple moving average of $26.32. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 97.21, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21. Cousins Properties Incorporated has a 52-week low of $21.03 and a 52-week 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.

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

Cousins Properties Announces Dividend

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

Cousins Properties announced that its board has approved a stock buyback program on Tuesday, February 17th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings cut Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Cantor Fitzgerald set a $28.00 price objective on shares of Cousins Properties in a research report on Monday, December 1st. JPMorgan Chase & Co. reduced their price target on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Wells Fargo & Company reduced their price target on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, Mizuho set a $27.00 target price on Cousins Properties in a research note on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average target price of $29.70.

Cousins Properties 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.