Hsbc Holdings PLC Grows Holdings in Cousins Properties Incorporated $CUZ

Hsbc Holdings PLC increased its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 13.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 795,843 shares of the real estate investment trust’s stock after purchasing an additional 96,808 shares during the period. Hsbc Holdings PLC owned approximately 0.47% of Cousins Properties worth $20,520,000 at the end of the most recent reporting period.

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

Cousins Properties Stock Performance

NYSE CUZ opened at $30.77 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21. Cousins Properties Incorporated has a 1 year low of $21.03 and a 1 year high of $31.23. The company has a market capitalization of $5.06 billion, a PE ratio of -1,025.32, a P/E/G ratio of 2.25 and a beta of 1.19. The company has a fifty day moving average of $27.71 and a two-hundred day moving average of $25.47.

Cousins Properties (NYSE:CUZ) last posted its earnings results 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). The firm had revenue of $263.11 million for the quarter, compared to analyst estimates of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, analysts expect that Cousins Properties Incorporated will post 2.95 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Monday, July 6th will be given a $0.32 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.28 annualized dividend and a yield of 4.2%. Cousins Properties’s dividend payout ratio is -4,266.67%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CUZ. Truist Financial raised their price target on shares of Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th. 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 report on Monday, June 1st. Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Evercore reiterated an “outperform” rating and issued a $34.00 price objective on shares of Cousins Properties in a research note on Monday. Finally, BMO Capital Markets lowered their price objective on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, March 12th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.82.

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.