Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $538,000 in Cousins Properties Incorporated $CUZ

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake 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. The firm purchased 23,857 shares of the real estate investment trust’s stock, valued at approximately $538,000.

Several other institutional investors and hedge funds have also modified their holdings of CUZ. State of Michigan Retirement System raised its holdings in Cousins Properties by 2.0% during the first quarter. State of Michigan Retirement System now owns 40,444 shares of the real estate investment trust’s stock valued at $913,000 after buying an additional 800 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Cousins Properties by 171.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 22,311 shares of the real estate investment trust’s stock worth $551,000 after acquiring an additional 14,102 shares in the last quarter. CORDA Investment Management LLC. increased its holdings in shares of Cousins Properties by 2.7% during the 1st quarter. CORDA Investment Management LLC. now owns 1,029,285 shares of the real estate investment trust’s stock valued at $23,231,000 after acquiring an additional 26,709 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Cousins Properties by 21.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 117,959 shares of the real estate investment trust’s stock valued at $2,662,000 after acquiring an additional 21,187 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Cousins Properties by 3,626.2% in the 1st quarter. Fifth Third Bancorp now owns 69,754 shares of the real estate investment trust’s stock valued at $1,574,000 after acquiring an additional 67,882 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Trading Down 0.9%

Shares of Cousins Properties stock opened at $31.77 on Friday. Cousins Properties Incorporated has a 1 year low of $21.03 and a 1 year high of $32.35. The company’s fifty day simple moving average is $28.51 and its 200-day simple moving average is $25.78. The company has a market cap of $5.23 billion, a price-to-earnings ratio of -1,058.48, a PEG ratio of 2.35 and a beta of 1.19. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.21). The company had revenue of $263.11 million for the quarter, compared to analyst estimates of $256.77 million. Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. Cousins Properties’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, sell-side analysts expect that Cousins Properties Incorporated will post 2.95 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, July 6th. Cousins Properties’s dividend payout ratio (DPR) is presently -4,266.67%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CUZ. Wells Fargo & Company upped their target price on Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Evercore restated an “outperform” rating and issued a $34.00 price objective on shares of Cousins Properties in a research note on Monday, July 6th. Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Truist Financial upped their price objective on shares of Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, Wall Street Zen upgraded shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 12th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.82.

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.