Dean Capital Management boosted its holdings in Cousins Properties Incorporated (NYSE:CUZ – Free Report) by 104.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,601 shares of the real estate investment trust’s stock after acquiring an additional 23,285 shares during the quarter. Dean Capital Management’s holdings in Cousins Properties were worth $1,176,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Alyeska Investment Group L.P. raised its stake in shares of Cousins Properties by 308.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock worth $133,422,000 after purchasing an additional 3,909,740 shares during the last quarter. Norges Bank purchased a new stake in shares of Cousins Properties during the fourth quarter valued at $53,063,000. Invesco Ltd. boosted its position in shares of Cousins Properties by 153.2% during the third quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock valued at $91,751,000 after buying an additional 1,918,393 shares during the last quarter. Millennium Management LLC raised its position 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 worth $39,763,000 after buying an additional 1,400,164 shares during the last quarter. Finally, Woodline Partners LP purchased a new position in Cousins Properties in the 3rd quarter worth about $29,341,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CUZ has been the topic of several research analyst reports. Robert W. Baird set a $33.00 target price on shares of Cousins Properties in a research note on Wednesday, February 25th. Wall Street Zen upgraded shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Wells Fargo & Company boosted their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Barclays lowered their price objective on shares of Cousins Properties from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, BMO Capital Markets dropped their target price on shares of Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus price target of $28.73.
Cousins Properties Stock Up 2.1%
Cousins Properties stock opened at $28.29 on Friday. The stock has a market cap of $4.66 billion, a PE ratio of -942.79, a price-to-earnings-growth ratio of 2.05 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.21. Cousins Properties Incorporated has a one year low of $21.03 and a one year high of $30.79. The stock has a fifty day moving average of $26.14 and a 200 day moving average of $25.04.
Cousins Properties (NYSE:CUZ – Get Free Report) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). The firm had revenue of $263.11 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period 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 predict that Cousins Properties Incorporated will post 2.93 EPS for the current year.
Cousins Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Monday, July 6th will be issued 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 dividend yield of 4.5%. Cousins Properties’s dividend payout ratio (DPR) is presently -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.
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