Bank of New York Mellon Corp Sells 20,068 Shares of Cousins Properties Incorporated $CUZ

Bank of New York Mellon Corp decreased its position in Cousins Properties Incorporated (NYSE:CUZ) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,454,000 shares of the real estate investment trust’s stock after selling 20,068 shares during the period. Bank of New York Mellon Corp owned about 0.88% of Cousins Properties worth $32,817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CUZ. Farther Finance Advisors LLC lifted its position in shares of Cousins Properties by 128.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 692 shares during the last quarter. Arax Advisory Partners bought a new position in shares of Cousins Properties during the 4th quarter worth $39,000. Danske Bank A S bought a new stake in Cousins Properties in the 3rd quarter valued at about $52,000. Clearstead Advisors LLC raised its stake in Cousins Properties by 176.1% in the 4th quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,150 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Cousins Properties by 55.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 753 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CUZ. Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Mizuho upped their price target on shares of Cousins Properties from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Evercore reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Cousins Properties in a report on Monday, July 6th. Wall Street Zen raised shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Barclays lifted their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.91.

Cousins Properties Stock Performance

Cousins Properties stock opened at $32.12 on Monday. Cousins Properties Incorporated has a 1-year low of $21.03 and a 1-year high of $32.35. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $5.29 billion, a PE ratio of -1,070.38, a price-to-earnings-growth ratio of 2.36 and a beta of 1.19. The firm’s 50 day simple moving average is $29.05 and its 200 day simple moving average is $25.98.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.21). The business had revenue of $263.11 million for the quarter, compared to the consensus estimate of $256.77 million. Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. Cousins Properties’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, analysts expect that Cousins Properties Incorporated will post 2.95 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, July 6th. Cousins Properties’s dividend payout ratio (DPR) is currently -4,266.67%.

About Cousins Properties

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.