Collaborative Fund Advisors LLC Makes New Investment in Cousins Properties Incorporated $CUZ

Collaborative Fund Advisors LLC bought a new position in shares of Cousins Properties Incorporated (NYSE:CUZ) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,403 shares of the real estate investment trust’s stock, valued at approximately $370,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership purchased a new position in Cousins Properties in the second quarter valued at approximately $902,000. EverSource Wealth Advisors LLC boosted its holdings in Cousins Properties by 55.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 753 shares during the period. Marshall Wace LLP bought a new position in Cousins Properties in the second quarter worth about $3,723,000. Federated Hermes Inc. boosted its position in Cousins Properties by 40.8% during the 2nd quarter. Federated Hermes Inc. now owns 110,926 shares of the real estate investment trust’s stock valued at $3,331,000 after purchasing an additional 32,162 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Cousins Properties by 8.6% in the 2nd quarter. California Public Employees Retirement System now owns 286,452 shares of the real estate investment trust’s stock worth $8,602,000 after acquiring an additional 22,741 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Price Performance

CUZ opened at $31.07 on Monday. The company’s 50 day simple moving average is $27.48 and its 200-day simple moving average is $25.39. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $5.11 billion, a P/E ratio of -1,035.19, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19. Cousins Properties Incorporated has a one year low of $21.03 and a one year high of $31.13.

Cousins Properties (NYSE:CUZ) last announced its quarterly 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 for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Sell-side analysts anticipate 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. Shareholders of record on Monday, July 6th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, July 6th. Cousins Properties’s dividend payout ratio is presently -4,266.67%.

Analyst Ratings Changes

CUZ has been the subject of a number of research reports. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Wells Fargo & Company boosted their price target 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. Truist Financial boosted their price target on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, June 26th. BMO Capital Markets lowered their target price on shares of Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, March 12th. Finally, Wall Street Zen raised shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.27.

Cousins Properties 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.