Cousins Properties Incorporated $CUZ Shares Sold by Strs Ohio

Strs Ohio reduced its stake in Cousins Properties Incorporated (NYSE:CUZ) by 6.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 444,370 shares of the real estate investment trust’s stock after selling 30,606 shares during the period. Strs Ohio’s holdings in Cousins Properties were worth $10,029,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Alyeska Investment Group L.P. increased its position in shares of Cousins Properties by 308.9% during the fourth 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 acquiring an additional 3,909,740 shares during the last quarter. Norges Bank purchased a new position in shares of Cousins Properties during the 4th quarter worth approximately $53,063,000. Invesco Ltd. boosted its position in shares of Cousins Properties by 153.2% during the 3rd quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock worth $91,751,000 after purchasing an additional 1,918,393 shares during the period. Millennium Management LLC increased its holdings in Cousins Properties by 984.5% in the 4th quarter. Millennium Management LLC now owns 1,542,384 shares of the real estate investment trust’s stock valued at $39,763,000 after purchasing an additional 1,400,164 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in Cousins Properties in the 3rd quarter valued at approximately $29,341,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CUZ. Wells Fargo & Company upped their price target on Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. BMO Capital Markets cut 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. Wall Street Zen raised Cousins Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, Evercore restated an “outperform” rating on shares of Cousins Properties in a report on Monday, June 8th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Cousins Properties presently has an average rating of “Moderate Buy” and a consensus price target of $29.27.

Cousins Properties Stock Performance

NYSE:CUZ opened at $31.07 on Monday. Cousins Properties Incorporated has a 52 week low of $21.03 and a 52 week high of $31.13. The company has a fifty day simple moving average of $27.48 and a two-hundred day simple moving average of $25.39. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83. The company has a market cap of $5.11 billion, a price-to-earnings ratio of -1,035.19, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19.

Cousins Properties (NYSE:CUZ) last announced 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). The company had revenue of $263.11 million during the quarter, compared to analyst estimates of $256.77 million. Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, equities analysts anticipate that Cousins Properties Incorporated will post 2.95 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Monday, July 6th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a yield of 4.1%. Cousins Properties’s dividend payout ratio (DPR) is currently -4,266.67%.

Cousins Properties Company 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.