Capital Investment Advisors LLC Buys 17,460 Shares of Cousins Properties Incorporated $CUZ

Capital Investment Advisors LLC lifted its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 501,652 shares of the real estate investment trust’s stock after purchasing an additional 17,460 shares during the period. Capital Investment Advisors LLC’s holdings in Cousins Properties were worth $13,866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quantinno Capital Management LP raised its stake in shares of Cousins Properties by 242.5% in the first quarter. Quantinno Capital Management LP now owns 2,644,535 shares of the real estate investment trust’s stock worth $59,687,000 after buying an additional 1,872,319 shares during the period. Bank of New York Mellon Corp purchased a new position in Cousins Properties during the 2nd quarter valued at approximately $41,743,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Cousins Properties during the 1st quarter valued at about $15,237,000. Bank of America Corp DE boosted its holdings in shares of Cousins Properties by 63.5% in the 1st quarter. Bank of America Corp DE now owns 1,124,141 shares of the real estate investment trust’s stock worth $25,372,000 after purchasing an additional 436,396 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Cousins Properties by 36.4% during the 1st quarter. Hsbc Holdings PLC now owns 1,085,544 shares of the real estate investment trust’s stock valued at $24,508,000 after purchasing an additional 289,701 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Up 0.7%

Shares of Cousins Properties stock opened at $28.86 on Friday. Cousins Properties Incorporated has a one year low of $21.03 and a one year high of $32.95. The firm has a fifty day moving average of $28.41 and a two-hundred day moving average of $28.15. The company has a market cap of $4.75 billion, a P/E ratio of 9.95, a PEG ratio of 1.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.01 and a current ratio of 1.01.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.58). Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The business had revenue of $268.53 million during the quarter, compared to analyst estimates of $263.55 million. During the same period in the prior year, the business earned $0.70 earnings per share. The firm’s quarterly revenue 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. On average, analysts forecast that Cousins Properties Incorporated will post 2.97 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Monday, October 5th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $1.28 annualized dividend and a yield of 4.4%. Cousins Properties’s dividend payout ratio is 3,200.00%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Cousins Properties from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Truist Financial lifted their price objective on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Mizuho set a $34.00 price objective on shares of Cousins Properties in a research report on Tuesday, September 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Cousins Properties in a report on Tuesday, September 22nd. Finally, Evercore set a $33.00 target price on shares of Cousins Properties in a research report on Monday, September 21st. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

Insider Buying and Selling at Cousins Properties

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

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a self-administered and self-managed real estate investment trust that owns, develops, and manages primarily Class A office properties. The company focuses on high-quality buildings designed to serve businesses across a range of industries, with services that include property management, leasing, development, and asset operations.

Founded in 1958 by Thomas G. Cousins, the company has developed a longstanding presence in the commercial real estate industry.