Intech Investment Management LLC Buys 173,840 Shares of Cousins Properties Incorporated $CUZ

Intech Investment Management LLC lifted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 222.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 251,847 shares of the real estate investment trust’s stock after purchasing an additional 173,840 shares during the period. Intech Investment Management LLC’s holdings in Cousins Properties were worth $6,493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CUZ. Geode Capital Management LLC boosted its holdings in shares of Cousins Properties by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,448,764 shares of the real estate investment trust’s stock worth $88,924,000 after buying an additional 47,633 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Cousins Properties by 176.1% in the fourth quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,150 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Cousins Properties by 9.4% in the fourth quarter. Legal & General Group Plc now owns 1,253,338 shares of the real estate investment trust’s stock worth $32,311,000 after buying an additional 107,284 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Cousins Properties by 555.2% in the fourth quarter. Hantz Financial Services Inc. now owns 17,375 shares of the real estate investment trust’s stock worth $448,000 after buying an additional 14,723 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its holdings in shares of Cousins Properties by 11.7% in the fourth quarter. Jefferies Financial Group Inc. now owns 40,000 shares of the real estate investment trust’s stock worth $1,031,000 after buying an additional 4,200 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CUZ shares. Robert W. Baird set a $33.00 price objective on shares of Cousins Properties in a report on Wednesday, February 25th. BMO Capital Markets dropped their price objective on shares of Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Truist Financial dropped their price objective on shares of Cousins Properties from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Capital One Financial set a $27.00 price objective on shares of Cousins Properties in a report on Thursday, March 12th. Finally, Mizuho set a $27.00 price target on shares of Cousins Properties in a report on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.36.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $26.85 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21. Cousins Properties Incorporated has a 1-year low of $21.03 and a 1-year high of $30.81. The company has a market capitalization of $4.42 billion, a P/E ratio of -894.77, a P/E/G ratio of 1.98 and a beta of 1.21. The firm’s 50 day simple moving average is $24.47 and its two-hundred day simple moving average is $24.79.

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

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, April 7th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.28 annualized dividend and a yield of 4.8%. Cousins Properties’s payout ratio is currently -4,266.67%.

Cousins Properties announced that its board has initiated a stock repurchase plan 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 buy up to 6.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors 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.