Elo Mutual Pension Insurance Co Buys Shares of 25,146 Cousins Properties Incorporated $CUZ

Elo Mutual Pension Insurance Co bought a new stake in Cousins Properties Incorporated (NYSE:CUZ) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,146 shares of the real estate investment trust’s stock, valued at approximately $728,000.

A number of other hedge funds have also made changes to their positions in CUZ. SJS Investment Consulting Inc. purchased a new position in Cousins Properties during the third quarter valued at approximately $48,000. EverSource Wealth Advisors LLC lifted its position in Cousins Properties by 55.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 753 shares in the last quarter. CWM LLC lifted its position in Cousins Properties by 29.0% in the 3rd quarter. CWM LLC now owns 3,129 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 703 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Cousins Properties by 9.6% during the 3rd quarter. Assetmark Inc. now owns 5,781 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 505 shares during the period. Finally, EMC Capital Management acquired a new stake in shares of Cousins Properties during the 2nd quarter valued at $206,000. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CUZ has been the topic of a number of research reports. Mizuho set a $27.00 price target on shares of Cousins Properties in a research note on Tuesday, February 24th. Evercore reissued an “outperform” rating on shares of Cousins Properties in a research report on Friday, February 6th. Robert W. Baird set a $33.00 target price on Cousins Properties in a research note on Wednesday, February 25th. JPMorgan Chase & Co. dropped their target price on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Finally, Cantor Fitzgerald set a $28.00 price target on Cousins Properties in a research note on Monday, December 1st. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.70.

Cousins Properties Stock Performance

Shares of NYSE CUZ opened at $23.25 on Friday. Cousins Properties Incorporated has a 12 month low of $21.03 and a 12 month high of $30.81. The company has a market cap of $3.91 billion, a P/E ratio of 96.88, a P/E/G ratio of 1.88 and a beta of 1.21. The business’s 50 day moving average is $25.00 and its two-hundred day moving average is $26.26. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.71.

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

Cousins Properties Announces Dividend

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

Cousins Properties declared that its board has initiated a stock repurchase program on Tuesday, February 17th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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.