Cousins Properties Incorporated $CUZ Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 795,843 shares of the real estate investment trust’s stock after acquiring an additional 96,808 shares during the quarter. Hsbc Holdings PLC’s holdings in Cousins Properties were worth $20,520,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CUZ. Alyeska Investment Group L.P. boosted its holdings in Cousins Properties by 308.9% in the 4th 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 purchasing an additional 3,909,740 shares in the last quarter. Norges Bank purchased a new stake in shares of Cousins Properties in the fourth quarter valued at approximately $53,063,000. Invesco Ltd. grew its holdings in Cousins Properties by 153.2% during the third quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock worth $91,751,000 after acquiring an additional 1,918,393 shares during the period. Millennium Management LLC grew its holdings in Cousins Properties by 984.5% during the fourth quarter. Millennium Management LLC now owns 1,542,384 shares of the real estate investment trust’s stock worth $39,763,000 after acquiring an additional 1,400,164 shares during the period. Finally, Woodline Partners LP purchased a new position in Cousins Properties in the third quarter worth $29,341,000. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Truist Financial increased their price target on shares of Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Wells Fargo & Company raised their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Evercore reissued an “outperform” rating and set a $34.00 price objective on shares of Cousins Properties in a report on Monday. Finally, Capital One Financial set a $27.00 target price on shares of Cousins Properties in a research report on Thursday, March 12th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average price target of $29.82.

Cousins Properties Stock Up 0.4%

CUZ opened at $30.77 on Wednesday. The business’s fifty day moving average is $27.71 and its two-hundred day moving average is $25.47. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $5.06 billion, a price-to-earnings ratio of -1,025.32, a PEG ratio of 2.25 and a beta of 1.19. Cousins Properties Incorporated has a one year low of $21.03 and a one year high of $31.23.

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

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Monday, July 6th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, July 6th. Cousins Properties’s dividend payout ratio (DPR) is -4,266.67%.

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.