Centersquare Investment Management LLC Acquires 132,479 Shares of Cousins Properties Incorporated $CUZ

Centersquare Investment Management LLC raised its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,668,140 shares of the real estate investment trust’s stock after buying an additional 132,479 shares during the quarter. Cousins Properties comprises 1.6% of Centersquare Investment Management LLC’s investment portfolio, making the stock its 22nd largest position. Centersquare Investment Management LLC owned approximately 3.37% of Cousins Properties worth $164,036,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SJS Investment Consulting Inc. purchased a new stake in Cousins Properties in the third quarter worth $48,000. EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 753 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Cousins Properties by 2,095.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 2,242 shares during the period. CWM LLC boosted its stake in shares of Cousins Properties by 29.0% during the 3rd quarter. CWM LLC now owns 3,129 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 703 shares in the last quarter. Finally, 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 purchasing an additional 505 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Up 1.8%

CUZ stock opened at $23.50 on Thursday. Cousins Properties Incorporated has a twelve month low of $21.03 and a twelve month high of $30.81. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. The firm has a market cap of $3.95 billion, a PE ratio of 97.90, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21. The business has a 50 day moving average of $25.28 and a 200 day moving average of $26.44.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, hitting the consensus estimate of $0.71. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.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 previous year, the company posted $0.69 earnings per share. The company’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. On average, research analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties announced that its board has approved a share buyback plan on Tuesday, February 17th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 6.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, January 5th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Monday, January 5th. Cousins Properties’s dividend payout ratio is 533.33%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CUZ shares. Wells Fargo & Company lowered their price objective on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Robert W. Baird set a $33.00 target price on Cousins Properties in a research note on Wednesday. Truist Financial reduced their price target on Cousins Properties from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, December 1st. Mizuho set a $27.00 price objective on Cousins Properties in a report on Tuesday. Finally, Cantor Fitzgerald set a $28.00 target price on shares of Cousins Properties in a report on Monday, December 1st. Five 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.30.

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.