Cousins Properties Incorporated $CUZ Shares Purchased by Strs Ohio

Strs Ohio raised its position in Cousins Properties Incorporated (NYSE:CUZ) by 18.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 474,976 shares of the real estate investment trust’s stock after buying an additional 74,207 shares during the period. Strs Ohio’s holdings in Cousins Properties were worth $12,245,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CUZ. Resolution Capital Ltd increased its position in shares of Cousins Properties by 0.6% during the second quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock worth $177,754,000 after acquiring an additional 33,097 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in Cousins Properties by 2.4% in the third quarter. Centersquare Investment Management LLC now owns 5,668,140 shares of the real estate investment trust’s stock valued at $164,036,000 after purchasing an additional 132,479 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Cousins Properties by 7.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,484,297 shares of the real estate investment trust’s stock valued at $100,836,000 after purchasing an additional 252,590 shares in the last quarter. Hudson Bay Capital Management LP increased its holdings in Cousins Properties by 20.1% during the 3rd quarter. Hudson Bay Capital Management LP now owns 3,315,646 shares of the real estate investment trust’s stock worth $95,955,000 after purchasing an additional 555,696 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Cousins Properties by 153.2% in the 3rd quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock valued at $91,751,000 after purchasing an additional 1,918,393 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings raised shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Capital One Financial set a $27.00 price target on shares of Cousins Properties in a report on Thursday, March 12th. Barclays reduced their price objective on shares of Cousins Properties from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Robert W. Baird set a $33.00 target price on shares of Cousins Properties in a research report on Wednesday, February 25th. Finally, Mizuho set a $27.00 target price on shares of Cousins Properties in a research note on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.36.

Cousins Properties Stock Performance

Shares of CUZ opened at $25.48 on Tuesday. The stock has a market capitalization of $4.19 billion, a PE ratio of -848.95, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. The business’s fifty day moving average price is $23.26 and its 200 day moving average price is $24.75. 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 12-month low of $21.03 and a 12-month high of $30.81.

Cousins Properties (NYSE:CUZ) last released its 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). The business had revenue of $263.11 million for the quarter, compared to the consensus estimate of $256.77 million. Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Equities research analysts forecast that Cousins Properties Incorporated will post 2.93 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, April 7th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, April 7th. Cousins Properties’s dividend payout ratio is currently -4,266.67%.

Cousins Properties declared that its board has approved a stock buyback plan on Tuesday, February 17th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

About Cousins Properties

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.