Sequoia Financial Advisors LLC Reduces Holdings in Cousins Properties Incorporated $CUZ

Sequoia Financial Advisors LLC lowered its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 54.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,180 shares of the real estate investment trust’s stock after selling 23,125 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Cousins Properties were worth $433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in 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 worth $32,000 after purchasing an additional 692 shares in the last quarter. Arax Advisory Partners acquired a new position in Cousins Properties during the 4th quarter valued at approximately $39,000. Clearstead Advisors LLC increased its stake in Cousins Properties by 176.1% during the 4th quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,150 shares in the last quarter. SJS Investment Consulting Inc. purchased a new position in shares of Cousins Properties in the first quarter worth $50,000. Finally, Danske Bank A S purchased a new position in shares of Cousins Properties in the third quarter worth $52,000. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CUZ. Barclays lifted their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday. Evercore restated an “outperform” rating and issued a $34.00 target price on shares of Cousins Properties in a research note on Monday, July 6th. Wall Street Zen raised Cousins Properties from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Wells Fargo & Company boosted their price target on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Mizuho increased their price objective on Cousins Properties from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.91.

Cousins Properties Stock Up 0.7%

Shares of CUZ stock opened at $31.78 on Wednesday. Cousins Properties Incorporated has a twelve month low of $21.03 and a twelve month high of $32.35. The stock has a market cap of $5.23 billion, a P/E ratio of -1,059.01, a P/E/G ratio of 2.32 and a beta of 1.19. The stock has a 50 day moving average of $28.72 and a 200 day moving average of $25.86. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported ($0.15) 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 analysts’ expectations of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, sell-side analysts expect that Cousins Properties Incorporated will post 2.95 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, July 6th. Cousins Properties’s payout ratio 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.