Sequoia Financial Advisors LLC Lowers Stake in Cousins Properties Incorporated $CUZ

Sequoia Financial Advisors LLC cut its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 54.7% during the first quarter, Holdings Channel.com reports. The fund owned 19,180 shares of the real estate investment trust’s stock after selling 23,125 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cousins Properties were worth $433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in Cousins Properties by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock worth $332,310,000 after purchasing an additional 419,911 shares during the period. Resolution Capital Ltd boosted its position in 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 purchasing an additional 33,097 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in Cousins Properties by 3.2% in the fourth quarter. Centersquare Investment Management LLC now owns 5,847,176 shares of the real estate investment trust’s stock valued at $150,740,000 after purchasing an additional 179,036 shares during the period. Alyeska Investment Group L.P. increased its position in shares of Cousins Properties by 308.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock valued at $133,422,000 after buying an additional 3,909,740 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Cousins Properties by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,448,764 shares of the real estate investment trust’s stock valued at $88,924,000 after buying an additional 47,633 shares in 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 NYSE:CUZ opened at $31.78 on Wednesday. Cousins Properties Incorporated has a 52-week low of $21.03 and a 52-week high of $32.35. The stock has a market cap of $5.23 billion, a P/E ratio of -1,059.01, a PEG ratio of 2.32 and a beta of 1.19. The business has a fifty day moving average of $28.72 and a two-hundred day moving average of $25.86. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.21). The company had revenue of $263.11 million for the quarter, compared to analysts’ expectations of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. On average, research analysts expect that Cousins Properties Incorporated will post 2.95 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. Cousins Properties’s payout ratio is -4,266.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Truist Financial upped their target price on Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Wall Street Zen raised shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings raised shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Evercore restated an “outperform” rating and set a $34.00 price objective on shares of Cousins Properties in a research report on Monday, July 6th. Finally, Wells Fargo & Company increased their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.91.

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.