Strs Ohio Buys New Shares in Cousins Properties Incorporated $CUZ

by · The Cerbat Gem

Strs Ohio bought a new stake in Cousins Properties Incorporated (NYSE:CUZ – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 612,098 shares of the real estate investment trust’s stock, valued at approximately $18,057,000. Strs Ohio owned 0.36% of Cousins Properties as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GF Fund Management CO. LTD. lifted its holdings in Cousins Properties by 14.8% in the first quarter. GF Fund Management CO. LTD. now owns 3,175 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 410 shares during the period. Cetera Investment Advisers increased its stake in Cousins Properties by 2.7% in the first quarter. Cetera Investment Advisers now owns 16,377 shares of the real estate investment trust’s stock valued at $483,000 after purchasing an additional 427 shares in the last quarter. Signaturefd LLC increased its stake in Cousins Properties by 16.5% in the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 477 shares in the last quarter. Deutsche Bank AG increased its stake in Cousins Properties by 0.5% in the fourth quarter. Deutsche Bank AG now owns 110,867 shares of the real estate investment trust’s stock valued at $3,397,000 after purchasing an additional 521 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in Cousins Properties by 1.5% in the first quarter. State of Michigan Retirement System now owns 40,144 shares of the real estate investment trust’s stock valued at $1,184,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Jeffrey D. Symes sold 4,612 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.30, for a total transaction of $135,131.60. Following the transaction, the chief accounting officer directly owned 13,518 shares in the company, valued at approximately $396,077.40. The trade was a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CUZ shares. Evercore ISI lifted their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the company an “in-line” rating in a research note on Monday, May 19th. Wells Fargo & Company decreased their price target on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Wall Street Zen downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, September 6th. Truist Financial decreased their price target on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, August 26th. Finally, Mizuho lifted their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Six equities 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, Cousins Properties presently has an average rating of “Moderate Buy” and an average target price of $32.40.

View Our Latest Research Report on CUZ

Cousins Properties Trading Down 0.6%

NYSE:CUZ opened at $29.43 on Friday. 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 50-day moving average of $28.24 and a 200-day moving average of $28.45. The company has a market cap of $4.94 billion, a PE ratio of 79.53, a PEG ratio of 2.68 and a beta of 1.39. Cousins Properties Incorporated has a one year low of $24.07 and a one year high of $32.55.

Cousins Properties (NYSE:CUZ – Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $237.72 million during the quarter, compared to the consensus estimate of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, equities research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, July 7th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, July 7th. This represents a $1.28 annualized dividend and a yield of 4.3%. Cousins Properties’s payout ratio is 345.95%.

About Cousins Properties

(Free Report)

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.

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