Fisher Asset Management LLC Sells 142,421 Shares of Cousins Properties Incorporated $CUZ

Fisher Asset Management LLC lessened its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 21.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 507,245 shares of the real estate investment trust’s stock after selling 142,421 shares during the quarter. Fisher Asset Management LLC’s holdings in Cousins Properties were worth $15,233,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CUZ. Cetera Investment Advisers increased its position in shares of Cousins Properties by 2.7% during the first quarter. Cetera Investment Advisers now owns 16,377 shares of the real estate investment trust’s stock worth $483,000 after purchasing an additional 427 shares in the last quarter. Parallel Advisors LLC grew its stake in Cousins Properties by 14.3% during the 2nd quarter. Parallel Advisors LLC now owns 3,932 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 493 shares during the last quarter. Keybank National Association OH increased its position in Cousins Properties by 2.9% during the 2nd quarter. Keybank National Association OH now owns 22,967 shares of the real estate investment trust’s stock valued at $690,000 after buying an additional 638 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Cousins Properties by 13.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,025 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 701 shares in the last quarter. Finally, Van Hulzen Asset Management LLC raised its stake in Cousins Properties by 5.3% in the first quarter. Van Hulzen Asset Management LLC now owns 16,790 shares of the real estate investment trust’s stock valued at $495,000 after buying an additional 850 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Stock Up 0.1%

CUZ stock opened at $25.60 on Thursday. The company has a market capitalization of $4.30 billion, a P/E ratio of 73.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. Cousins Properties Incorporated has a 12 month low of $24.07 and a 12 month high of $31.66. The firm’s fifty day simple moving average is $26.46 and its 200-day simple moving average is $27.89. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. Cousins Properties had a net margin of 5.98% and a return on equity of 1.20%. The company had revenue of $248.33 million during the quarter, compared to the consensus estimate of $239.70 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. As a group, equities research analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were paid a $0.32 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.0%. Cousins Properties’s dividend payout ratio is presently 365.71%.

Insider Buying and Selling

In related news, CAO Jeffrey D. Symes sold 4,612 shares of Cousins Properties stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $29.30, for a total transaction of $135,131.60. Following the completion of the transaction, the chief accounting officer directly owned 13,518 shares in the company, valued at approximately $396,077.40. This trade represents a 25.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on CUZ. JPMorgan Chase & Co. cut their price objective on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Jefferies Financial Group lowered shares of Cousins Properties from a “buy” rating to a “hold” rating and cut their price target for the company from $34.00 to $27.00 in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cousins Properties in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Finally, Truist Financial reduced their target price on Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Cousins Properties presently has an average rating of “Moderate Buy” and a consensus target price of $31.09.

Cousins Properties Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.