Norges Bank Makes New Investment in Cousins Properties Incorporated $CUZ

Norges Bank purchased a new position in Cousins Properties Incorporated (NYSE:CUZ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,058,302 shares of the real estate investment trust’s stock, valued at approximately $53,063,000.

Other hedge funds have also modified their holdings of the company. Bell Investment Advisors Inc grew its stake in Cousins Properties by 2,539.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 965 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Cousins Properties by 128.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 692 shares during the period. Danske Bank A S acquired a new position in shares of Cousins Properties during the third quarter worth about $52,000. Clearstead Advisors LLC increased its stake in shares of Cousins Properties by 176.1% during the fourth quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,150 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Cousins Properties by 55.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 753 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Price Performance

Shares of CUZ opened at $27.68 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21. Cousins Properties Incorporated has a 1-year low of $21.03 and a 1-year high of $30.81. The stock has a market cap of $4.55 billion, a PE ratio of -922.43, a price-to-earnings-growth ratio of 2.05 and a beta of 1.21. The firm has a fifty day moving average price of $24.98 and a 200 day moving average price of $24.83.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.21). Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm had revenue of $263.11 million for the quarter, compared to analysts’ expectations of $256.77 million. During the same period in the previous year, the business posted $0.74 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.93 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, April 7th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.28 annualized dividend and a yield of 4.6%. Cousins Properties’s payout ratio is -4,266.67%.

Cousins Properties declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 17th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Cousins Properties from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Capital One Financial set a $27.00 target price on Cousins Properties in a report on Thursday, March 12th. Evercore reaffirmed an “outperform” rating and set a $28.00 price target on shares of Cousins Properties in a report on Thursday, April 30th. BMO Capital Markets dropped their price objective on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Finally, Weiss Ratings cut Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $28.73.

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.