Rhumbline Advisers Has $13.39 Million Stake in Cousins Properties Incorporated $CUZ

Rhumbline Advisers lowered its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 462,566 shares of the real estate investment trust’s stock after selling 21,353 shares during the quarter. Rhumbline Advisers’ holdings in Cousins Properties were worth $13,387,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. SJS Investment Consulting Inc. bought a new stake in shares of Cousins Properties during the 3rd quarter valued at about $48,000. EverSource Wealth Advisors LLC lifted its stake in Cousins Properties by 55.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 753 shares during the period. Hantz Financial Services Inc. lifted its stake in Cousins Properties by 2,095.3% in the second quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 2,242 shares during the period. CWM LLC boosted its holdings in shares of Cousins Properties by 29.0% during the 3rd quarter. CWM LLC now owns 3,129 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 703 shares in the last quarter. Finally, EMC Capital Management acquired a new stake in shares of Cousins Properties during the 2nd quarter worth approximately $206,000. 94.38% of the stock is owned by institutional investors.

Cousins Properties Price Performance

CUZ stock opened at $24.19 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. The business has a 50-day simple moving average of $25.41 and a two-hundred day simple moving average of $26.54. The company has a market capitalization of $4.06 billion, a P/E ratio of 100.77, a price-to-earnings-growth ratio of 1.89 and a beta of 1.21. Cousins Properties Incorporated has a 52-week low of $21.03 and a 52-week high of $30.81.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $255.03 million for the quarter, compared to analyst estimates of $252.18 million. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. Research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, January 5th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, January 5th. Cousins Properties’s dividend payout ratio (DPR) is presently 533.33%.

Cousins Properties announced that its board has approved a stock buyback plan on Tuesday, February 17th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CUZ. Wall Street Zen lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Mizuho set a $29.00 price objective on shares of Cousins Properties and gave the stock an “outperform” rating in a research report on Friday, December 12th. JPMorgan Chase & Co. reduced their target price on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cousins Properties in a research note on Wednesday, January 21st. Finally, Truist Financial reduced their price objective on Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, December 1st. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

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.