Squarepoint Ops LLC Increases Stake in Cousins Properties Incorporated $CUZ

Squarepoint Ops LLC lifted its position in Cousins Properties Incorporated (NYSE:CUZ) by 474.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,324 shares of the real estate investment trust’s stock after acquiring an additional 241,401 shares during the quarter. Squarepoint Ops LLC’s holdings in Cousins Properties were worth $8,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CUZ. Norges Bank purchased a new stake in shares of Cousins Properties in the 4th quarter worth approximately $53,063,000. Intech Investment Management LLC raised its stake in Cousins Properties by 222.9% in the fourth quarter. Intech Investment Management LLC now owns 251,847 shares of the real estate investment trust’s stock worth $6,493,000 after buying an additional 173,840 shares in the last quarter. Algebris UK Ltd. bought a new position in Cousins Properties in the fourth quarter worth approximately $12,208,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Cousins Properties during the first quarter worth $1,773,000. Finally, BROOKFIELD Corp ON purchased a new stake in Cousins Properties during the first quarter worth $5,552,000. 94.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CUZ. Evercore reiterated an “outperform” rating and issued a $34.00 price target on shares of Cousins Properties in a report on Monday, July 6th. Wells Fargo & Company raised their price objective on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Mizuho set a $34.00 target price on Cousins Properties in a research note on Tuesday. Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Barclays increased their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.18.

Cousins Properties Price Performance

NYSE CUZ opened at $27.90 on Friday. The firm’s fifty day simple moving average is $30.23 and its two-hundred day simple moving average is $27.06. The firm has a market capitalization of $4.59 billion, a P/E ratio of 697.72, a P/E/G ratio of 1.83 and a beta of 1.17. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.83. Cousins Properties Incorporated has a 12-month low of $21.03 and a 12-month high of $32.95.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.58). The business had revenue of $268.53 million for the quarter, compared to analysts’ expectations of $263.55 million. Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Analysts forecast that Cousins Properties Incorporated will post 2.97 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. Cousins Properties’s payout ratio is presently 3,200.00%.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey Symes sold 6,033 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $29.44, for a total transaction of $177,611.52. Following the transaction, the chief accounting officer owned 16,685 shares in the company, valued at $491,206.40. This represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.81% of the company’s stock.

Cousins Properties Profile

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.