Cousins Properties Incorporated $CUZ Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp grew its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 3,626.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 69,754 shares of the real estate investment trust’s stock after acquiring an additional 67,882 shares during the period. Fifth Third Bancorp’s holdings in Cousins Properties were worth $1,574,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CUZ. Alyeska Investment Group L.P. increased its position in shares of 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 worth $133,422,000 after purchasing an additional 3,909,740 shares during the last quarter. Norges Bank bought a new position in shares of Cousins Properties during the fourth quarter worth about $53,063,000. Invesco Ltd. grew its stake in Cousins Properties by 153.2% in 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 grew its stake in Cousins Properties by 984.5% in 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 purchasing an additional 1,400,164 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in Cousins Properties in the third quarter valued at about $29,341,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analyst Weigh In

CUZ has been the topic of several research reports. Evercore restated an “outperform” rating and set a $34.00 price objective on shares of Cousins Properties in a research note on Monday, July 6th. Mizuho lifted their target price on Cousins Properties from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday. Truist Financial boosted their price target on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Wells Fargo & Company upped their price target on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Wall Street Zen upgraded Cousins Properties from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 12th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.91.

Cousins Properties Trading Up 0.9%

Shares of NYSE CUZ opened at $31.50 on Friday. Cousins Properties Incorporated has a 12-month low of $21.03 and a 12-month high of $32.35. The company has a market cap of $5.18 billion, a price-to-earnings ratio of -1,049.82, a price-to-earnings-growth ratio of 2.29 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. The stock’s 50 day simple moving average is $28.92 and its 200 day simple moving average is $25.93.

Cousins Properties (NYSE:CUZ) last issued 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 return on equity of 0.11% and a negative net margin of 0.52%.The company had revenue of $263.11 million for the quarter, compared to the consensus estimate of $256.77 million. During the same quarter in the previous year, the company earned $0.74 earnings per share. Cousins Properties’s quarterly revenue was up 7.4% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Equities research analysts expect that Cousins Properties Incorporated will post 2.95 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were given a dividend of $0.32 per share. The ex-dividend date was Monday, July 6th. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. Cousins Properties’s dividend payout ratio is currently -4,266.67%.

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.