VIRGINIA RETIREMENT SYSTEMS ET Al Invests $4.12 Million in Cousins Properties Incorporated $CUZ

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 137,485 shares of the real estate investment trust’s stock, valued at approximately $4,122,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.08% of Cousins Properties as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in CUZ. Arax Advisory Partners acquired a new stake in Cousins Properties during the fourth quarter worth $39,000. Elevation Wealth Partners LLC lifted its stake in shares of Cousins Properties by 92.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 755 shares during the last quarter. Avalon Trust Co purchased a new position in shares of Cousins Properties during the 1st quarter worth $39,000. Danske Bank A S acquired a new stake in shares of Cousins Properties during the 3rd quarter worth about $52,000. Finally, Clearstead Advisors LLC raised its holdings 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 buying an additional 1,150 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CUZ has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Truist Financial upped their price objective on shares of Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Weiss Ratings raised shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Barclays lifted their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Mizuho set a $34.00 target price on Cousins Properties in a research report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.18.

Cousins Properties Stock Performance

NYSE CUZ opened at $27.89 on Thursday. The company has a market cap of $4.59 billion, a P/E ratio of 697.50, a P/E/G ratio of 1.86 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50-day moving average of $30.30 and a two-hundred day moving average of $27.03. Cousins Properties Incorporated has a 1-year low of $21.03 and a 1-year high of $32.95.

Cousins Properties (NYSE:CUZ) last issued its quarterly 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 business had revenue of $268.53 million for the quarter, compared to analyst estimates of $263.55 million. During the same period in the prior year, the company posted $0.70 EPS. The firm’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, analysts anticipate that Cousins Properties Incorporated will post 2.97 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, July 6th. Cousins Properties’s dividend payout ratio (DPR) is currently 3,200.00%.

Insider Buying and Selling

In other Cousins Properties news, CAO Jeffrey Symes sold 6,033 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $29.44, for a total value of $177,611.52. Following the completion of the transaction, the chief accounting officer owned 16,685 shares in the company, valued at $491,206.40. The trade was a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.81% of the stock is owned by corporate insiders.

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.