Sei Investments Co. Has $6.07 Million Stake in Cousins Properties Incorporated $CUZ

Sei Investments Co. reduced its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 31.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 268,747 shares of the real estate investment trust’s stock after selling 125,999 shares during the quarter. Sei Investments Co.’s holdings in Cousins Properties were worth $6,066,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CUZ. Arrowstreet Capital Limited Partnership acquired a new position in shares of Cousins Properties in the second quarter valued at $902,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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 worth $63,000 after buying an additional 753 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Cousins Properties during the 2nd quarter worth about $3,723,000. Federated Hermes Inc. boosted its holdings in shares of Cousins Properties by 40.8% during the 2nd quarter. Federated Hermes Inc. now owns 110,926 shares of the real estate investment trust’s stock worth $3,331,000 after buying an additional 32,162 shares during the period. Finally, California Public Employees Retirement System grew its stake in Cousins Properties by 8.6% in the 2nd quarter. California Public Employees Retirement System now owns 286,452 shares of the real estate investment trust’s stock valued at $8,602,000 after buying an additional 22,741 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Price Performance

Shares of NYSE CUZ opened at $31.42 on Tuesday. The business has a fifty day moving average price of $29.71 and a two-hundred day moving average price of $26.21. The stock has a market capitalization of $5.17 billion, a PE ratio of 785.60, a P/E/G ratio of 2.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.01 and a quick ratio of 1.01. Cousins Properties Incorporated has a fifty-two week low of $21.03 and a fifty-two week high of $32.95.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.58). Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The company had revenue of $268.53 million for the quarter, compared to analyst estimates of $263.55 million. During the same period last year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. As a group, equities analysts predict that Cousins Properties Incorporated will post 2.96 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were given a $0.32 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. Cousins Properties’s payout ratio is presently 3,200.00%.

Analyst Upgrades and Downgrades

CUZ has been the topic of several research analyst reports. Mizuho increased their price target on shares of Cousins Properties from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Evercore reiterated an “outperform” rating and set a $34.00 target price on shares of Cousins Properties in a research note on Monday, July 6th. Truist Financial lifted their price target on Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, Wells Fargo & Company lifted their price target on Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.91.

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.