Cousins Properties Incorporated $CUZ Shares Sold by Horizon Investments LLC

Horizon Investments LLC trimmed its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 91.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,090 shares of the real estate investment trust’s stock after selling 34,957 shares during the quarter. Horizon Investments LLC’s holdings in Cousins Properties were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CUZ. Bell Investment Advisors Inc raised its position in shares of Cousins Properties by 2,539.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 965 shares during the period. Farther Finance Advisors LLC raised its stake in 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 acquiring an additional 692 shares in the last quarter. Danske Bank A S bought a new stake in Cousins Properties during the 3rd quarter valued at $52,000. EverSource Wealth Advisors LLC raised its stake in Cousins Properties by 55.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 753 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Cousins Properties during the 4th quarter valued at $80,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Stock Performance

Shares of NYSE CUZ opened at $26.76 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -891.77, a PEG ratio of 1.98 and a beta of 1.21. The stock’s fifty day simple moving average is $23.44 and its 200 day simple moving average is $24.75. Cousins Properties Incorporated has a 52-week low of $21.03 and a 52-week high of $30.81.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). The company had revenue of $263.11 million during the quarter, compared to analyst estimates of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, sell-side analysts forecast that Cousins Properties Incorporated will post 2.93 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, April 7th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Tuesday, April 7th. Cousins Properties’s payout ratio is presently -4,266.67%.

Cousins Properties declared that its Board of Directors has initiated a share buyback program 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 programs are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

CUZ has been the topic of several recent analyst reports. Capital One Financial set a $27.00 target price on Cousins Properties in a research note on Thursday, March 12th. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. BMO Capital Markets cut their target price on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Barclays cut their target price on Cousins Properties from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Finally, Robert W. Baird set a $33.00 price target on Cousins Properties in a research report on Wednesday, February 25th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $28.36.

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.