Cullen Capital Management LLC Invests $519,000 in Cousins Properties Incorporated $CUZ

Cullen Capital Management LLC bought a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,304 shares of the real estate investment trust’s stock, valued at approximately $519,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in Cousins Properties by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock worth $332,310,000 after acquiring an additional 419,911 shares in the last quarter. Resolution Capital Ltd increased its holdings in Cousins Properties by 0.6% during the 2nd quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock worth $177,754,000 after purchasing an additional 33,097 shares during the period. Centersquare Investment Management LLC raised its position in Cousins Properties by 3.2% during the 4th quarter. Centersquare Investment Management LLC now owns 5,847,176 shares of the real estate investment trust’s stock valued at $150,740,000 after purchasing an additional 179,036 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings 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 buying an additional 3,909,740 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Cousins Properties by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 3,448,764 shares of the real estate investment trust’s stock worth $88,924,000 after buying an additional 47,633 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Insider Buying and Selling at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 6,033 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $29.44, for a total value of $177,611.52. Following the transaction, the chief accounting officer directly owned 16,685 shares of the company’s stock, valued at $491,206.40. This represents a 26.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CUZ. Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Truist Financial lifted their price objective on shares of Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Evercore reissued an “outperform” rating and issued a $34.00 price objective on shares of Cousins Properties in a research note on Monday, July 6th. Finally, Wells Fargo & Company increased their target price on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.09.

Cousins Properties Stock Performance

Shares of CUZ opened at $30.21 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.83. The firm has a market cap of $4.97 billion, a PE ratio of 755.49, a P/E/G ratio of 1.97 and a beta of 1.18. Cousins Properties Incorporated has a 12 month low of $21.03 and a 12 month high of $32.95. The stock has a fifty day moving average price of $30.32 and a 200-day moving average price of $26.64.

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

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a yield of 4.2%. Cousins Properties’s dividend payout ratio is presently 3,200.00%.

Cousins Properties Company 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.