Prudential Financial Inc. Grows Position in Cousins Properties Incorporated $CUZ

Prudential Financial Inc. lifted its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 223.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,267 shares of the real estate investment trust’s stock after purchasing an additional 32,652 shares during the quarter. Prudential Financial Inc.’s holdings in Cousins Properties were worth $1,419,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers boosted its holdings in shares of Cousins Properties by 2.7% during the 1st quarter. Cetera Investment Advisers now owns 16,377 shares of the real estate investment trust’s stock valued at $483,000 after buying an additional 427 shares in the last quarter. US Bancorp DE boosted its stake in Cousins Properties by 8.4% during the first quarter. US Bancorp DE now owns 21,551 shares of the real estate investment trust’s stock worth $636,000 after acquiring an additional 1,679 shares in the last quarter. Vanguard Group Inc. grew its holdings in Cousins Properties by 3.8% in the first quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust’s stock worth $759,735,000 after purchasing an additional 951,637 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Cousins Properties by 6.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 117,564 shares of the real estate investment trust’s stock valued at $3,468,000 after purchasing an additional 7,057 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Cousins Properties by 8.6% during the first quarter. Swiss National Bank now owns 324,833 shares of the real estate investment trust’s stock valued at $9,583,000 after purchasing an additional 25,600 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CUZ shares. Evercore ISI upped their price target on Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Cousins Properties in a research note on Wednesday, October 8th. Wall Street Zen lowered Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. cut their price objective on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.09.

Cousins Properties Trading Down 2.4%

Cousins Properties stock opened at $24.65 on Friday. Cousins Properties Incorporated has a one year low of $24.07 and a one year high of $31.66. The business’s fifty day moving average is $26.33 and its 200 day moving average is $27.85. The stock has a market capitalization of $4.14 billion, a PE ratio of 70.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. Cousins Properties had a net margin of 5.98% and a return on equity of 1.20%. The business had revenue of $248.33 million for the quarter, compared to analysts’ expectations of $239.70 million. During the same quarter in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. On average, sell-side analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Friday, October 3rd. Cousins Properties’s payout ratio is 365.71%.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.