Royal Bank of Canada Buys 66,585 Shares of Cousins Properties Incorporated $CUZ

Royal Bank of Canada boosted its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 211.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,028 shares of the real estate investment trust’s stock after buying an additional 66,585 shares during the period. Royal Bank of Canada owned approximately 0.06% of Cousins Properties worth $2,213,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its position in shares of Cousins Properties by 308.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock valued at $133,422,000 after acquiring an additional 3,909,740 shares during the last quarter. Norges Bank purchased a new stake in Cousins Properties during the fourth quarter valued at $53,063,000. Invesco Ltd. lifted its position in Cousins Properties by 153.2% during the third quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock valued at $91,751,000 after purchasing an additional 1,918,393 shares during the last quarter. Quantinno Capital Management LP lifted its position in Cousins Properties by 242.5% during the first quarter. Quantinno Capital Management LP now owns 2,644,535 shares of the real estate investment trust’s stock valued at $59,687,000 after purchasing an additional 1,872,319 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Cousins Properties by 984.5% in the 4th quarter. Millennium Management LLC now owns 1,542,384 shares of the real estate investment trust’s stock worth $39,763,000 after buying an additional 1,400,164 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analyst Upgrades and Downgrades

CUZ has been the topic of several analyst reports. Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Mizuho lifted their target price on Cousins Properties from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Evercore restated an “outperform” rating and set a $34.00 price target on shares of Cousins Properties in a report on Monday, July 6th. Wells Fargo & Company lifted their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average target price of $31.09.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $29.22 on Tuesday. The stock’s fifty day moving average is $30.23 and its two-hundred day moving average is $26.45. The company has a market capitalization of $4.81 billion, a PE ratio of 730.68, a price-to-earnings-growth ratio of 1.95 and a beta of 1.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.83. Cousins Properties Incorporated has a 52 week low of $21.03 and a 52 week high of $32.95.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.58). The company had revenue of $268.53 million during the quarter, compared to analysts’ expectations of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. As a group, analysts expect that Cousins Properties Incorporated will post 2.97 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently announced 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 of this dividend was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.4%. Cousins Properties’s dividend payout ratio (DPR) is 3,200.00%.

About Cousins Properties

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.