Louisiana State Employees Retirement System Purchases Shares of 48,700 Cousins Properties Incorporated $CUZ

Louisiana State Employees Retirement System purchased a new stake in Cousins Properties Incorporated (NYSE:CUZ) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 48,700 shares of the real estate investment trust’s stock, valued at approximately $1,099,000.

Several other large investors have also recently made changes to their positions in CUZ. Alyeska Investment Group L.P. increased its holdings in Cousins Properties by 308.9% in the 4th 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 purchasing an additional 3,909,740 shares during the last quarter. Norges Bank acquired a new position in Cousins Properties during the fourth quarter worth $53,063,000. Invesco Ltd. lifted its stake in 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 worth $91,751,000 after purchasing an additional 1,918,393 shares in the last quarter. Millennium Management LLC boosted its position in shares of Cousins Properties by 984.5% during the fourth 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 period. Finally, Woodline Partners LP purchased a new position in shares of Cousins Properties during the third quarter worth $29,341,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CUZ. Evercore reiterated an “outperform” rating on shares of Cousins Properties in a report on Monday, June 8th. BMO Capital Markets lowered their target price on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Wells Fargo & Company lifted their target price on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Truist Financial boosted their price target on shares of Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, Capital One Financial set a $27.00 price target on shares of Cousins Properties in a research report on Thursday, March 12th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.27.

Cousins Properties Stock Up 0.0%

Shares of NYSE:CUZ opened at $31.07 on Friday. Cousins Properties Incorporated has a fifty-two week low of $21.03 and a fifty-two week high of $31.13. The firm’s 50 day moving average price is $27.48 and its 200 day moving average price is $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 stock 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) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The firm had revenue of $263.11 million during the quarter, compared to analysts’ expectations of $256.77 million. During the same period in the prior year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, equities research analysts predict that Cousins Properties Incorporated will post 2.95 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced 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. This represents a $1.28 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, July 6th. Cousins Properties’s dividend payout ratio is -4,266.67%.

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.