Van Hulzen Asset Management LLC Raises Position in Cousins Properties Incorporated $CUZ

Van Hulzen Asset Management LLC raised its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 5.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,790 shares of the real estate investment trust’s stock after acquiring an additional 850 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Cousins Properties were worth $495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Choreo LLC boosted its position in Cousins Properties by 25.6% in the 1st quarter. Choreo LLC now owns 27,837 shares of the real estate investment trust’s stock valued at $821,000 after buying an additional 5,681 shares during the period. New York State Teachers Retirement System boosted its position in Cousins Properties by 13.5% in the 1st quarter. New York State Teachers Retirement System now owns 166,446 shares of the real estate investment trust’s stock valued at $4,910,000 after buying an additional 19,744 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Cousins Properties by 16.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,421 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 1,297 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Cousins Properties by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust’s stock valued at $40,853,000 after purchasing an additional 12,131 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Cousins Properties by 25.3% in the 1st quarter. KBC Group NV now owns 7,554 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,527 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CUZ. Evercore ISI raised their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company an “in-line” rating in a report on Monday, May 19th. Mizuho raised their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Wells Fargo & Company reduced their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Finally, Truist Financial lowered shares of Cousins Properties from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Wednesday, July 2nd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Cousins Properties Price Performance

Shares of CUZ opened at $28.4580 on Friday. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $32.55. The stock has a market cap of $4.78 billion, a PE ratio of 76.91, a price-to-earnings-growth ratio of 1.82 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a fifty day moving average price of $28.55 and a 200 day moving average price of $28.58.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The firm had revenue of $237.72 million during the quarter, compared to analysts’ expectations of $243.73 million. During the same period in the previous year, the company earned $0.68 earnings per share. Cousins Properties’s quarterly revenue was up 12.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, July 7th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a yield of 4.5%. Cousins Properties’s payout ratio is 345.95%.

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.