Janney Montgomery Scott LLC Invests $404,000 in Cousins Properties Incorporated $CUZ

Janney Montgomery Scott LLC acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 17,886 shares of the real estate investment trust’s stock, valued at approximately $404,000.

A number of other large investors have also bought and sold shares of CUZ. Arrowstreet Capital Limited Partnership bought a new position in Cousins Properties in the second quarter valued at approximately $902,000. EverSource Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 753 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Cousins Properties during the second quarter worth $3,723,000. Federated Hermes Inc. raised its holdings 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 acquiring an additional 32,162 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Cousins Properties by 8.6% during the second quarter. California Public Employees Retirement System now owns 286,452 shares of the real estate investment trust’s stock worth $8,602,000 after acquiring an additional 22,741 shares during the period. 94.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CUZ. Truist Financial upped their target price on shares of Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Wells Fargo & Company boosted their price target on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Evercore reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Cousins Properties in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded Cousins Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Six research 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.82.

Cousins Properties Stock Performance

Shares of CUZ opened at $32.08 on Friday. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of -1,068.81, a PEG ratio of 2.30 and a beta of 1.19. Cousins Properties Incorporated has a 12 month low of $21.03 and a 12 month high of $32.14. The firm has a fifty day simple moving average of $28.41 and a 200 day simple moving average of $25.73. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.21). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The business had revenue of $263.11 million during the quarter, compared to analyst estimates of $256.77 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Research analysts forecast that Cousins Properties Incorporated will post 2.95 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, July 6th. Cousins Properties’s dividend 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.