Bank of New York Mellon Corp Sells 20,068 Shares of Cousins Properties Incorporated $CUZ

Bank of New York Mellon Corp decreased its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 1.4% during the first quarter, HoldingsChannel reports. The firm owned 1,454,000 shares of the real estate investment trust’s stock after selling 20,068 shares during the period. Bank of New York Mellon Corp’s holdings in Cousins Properties were worth $32,817,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Cousins Properties by 128.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 692 shares in the last quarter. Arax Advisory Partners bought a new position in shares of Cousins Properties during the 4th quarter valued at about $39,000. Clearstead Advisors LLC increased its position in shares of Cousins Properties by 176.1% during the 4th quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,150 shares during the last quarter. SJS Investment Consulting Inc. purchased a new position in shares of Cousins Properties during the 1st quarter valued at about $50,000. Finally, Danske Bank A S purchased a new position in shares of Cousins Properties during the 3rd quarter valued at about $52,000. Institutional investors own 94.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CUZ shares. Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Barclays increased their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Mizuho lifted their price target on shares of Cousins Properties from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Wells Fargo & Company boosted their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Evercore reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Cousins Properties in a research note on Monday, July 6th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Cousins Properties has a consensus rating of “Moderate Buy” and an average price target of $30.91.

Cousins Properties Price Performance

CUZ opened at $32.12 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.21. Cousins Properties Incorporated has a 52-week low of $21.03 and a 52-week high of $32.35. The stock has a market capitalization of $5.29 billion, a PE ratio of -1,070.38, a price-to-earnings-growth ratio of 2.36 and a beta of 1.19. The stock’s 50 day moving average price is $29.05 and its 200-day moving average price is $25.98.

Cousins Properties (NYSE:CUZ) last announced its 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 company had revenue of $263.11 million for the quarter, compared to the consensus estimate of $256.77 million. Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. On average, equities research analysts predict that Cousins Properties Incorporated will post 2.95 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, July 6th. Cousins Properties’s payout ratio is presently -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.