APG Asset Management US Inc. Sells 192,265 Shares of Cousins Properties Incorporated $CUZ

APG Asset Management US Inc. decreased its position in Cousins Properties Incorporated (NYSE:CUZ) by 2.4% during the 3rd quarter, Holdings Channel reports. The firm owned 7,668,526 shares of the real estate investment trust’s stock after selling 192,265 shares during the quarter. Cousins Properties makes up 1.6% of APG Asset Management US Inc.’s investment portfolio, making the stock its 17th biggest holding. APG Asset Management US Inc.’s holdings in Cousins Properties were worth $222,771,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CUZ. Norges Bank acquired a new position in Cousins Properties in the second quarter valued at about $41,351,000. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Cousins Properties by 454.9% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,627,864 shares of the real estate investment trust’s stock valued at $48,885,000 after acquiring an additional 1,334,492 shares during the last quarter. Hudson Bay Capital Management LP grew its position in Cousins Properties by 40.7% during the 2nd quarter. Hudson Bay Capital Management LP now owns 2,759,950 shares of the real estate investment trust’s stock worth $82,881,000 after acquiring an additional 797,822 shares during the last quarter. JPMorgan Chase & Co. grew its position in Cousins Properties by 44.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,347,664 shares of the real estate investment trust’s stock worth $70,500,000 after acquiring an additional 719,810 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in Cousins Properties by 56.5% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,128,565 shares of the real estate investment trust’s stock valued at $33,891,000 after purchasing an additional 407,212 shares in the last quarter. 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. Cantor Fitzgerald set a $28.00 price objective on Cousins Properties in a research note on Monday, December 1st. JPMorgan Chase & Co. cut their price target on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Wells Fargo & Company decreased 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. Weiss Ratings cut shares of Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.70.

Cousins Properties Stock Down 3.5%

Shares of NYSE:CUZ opened at $23.14 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 96.40, a P/E/G ratio of 1.83 and a beta of 1.21. The company has a 50 day moving average of $25.21 and a 200-day moving average of $26.39. Cousins Properties Incorporated has a one year low of $21.03 and a one year high of $30.81.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. Cousins Properties had a net margin of 4.08% and a return on equity of 0.85%. The firm had revenue of $255.03 million for the quarter, compared to analysts’ expectations of $252.18 million. During the same period last year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. On average, sell-side analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, January 5th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Monday, January 5th. Cousins Properties’s dividend payout ratio is currently 533.33%.

Cousins Properties announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 17th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

About Cousins Properties

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.