Swedbank AB Acquires 46,500 Shares of Cousins Properties Incorporated $CUZ

Swedbank AB raised its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 477,503 shares of the real estate investment trust’s stock after acquiring an additional 46,500 shares during the quarter. Swedbank AB owned about 0.28% of Cousins Properties worth $13,819,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CUZ. Resolution Capital Ltd boosted its position in shares of Cousins Properties by 33.5% in the 1st quarter. Resolution Capital Ltd now owns 5,886,133 shares of the real estate investment trust’s stock worth $173,641,000 after purchasing an additional 1,477,044 shares during the last quarter. Norges Bank bought a new stake in shares of Cousins Properties in the 2nd quarter valued at about $41,351,000. Cbre Investment Management Listed Real Assets LLC boosted its stake in Cousins Properties by 454.9% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,627,864 shares of the real estate investment trust’s stock worth $48,885,000 after acquiring an additional 1,334,492 shares during the last quarter. Jennison Associates LLC increased its stake in Cousins Properties by 51.5% in the second quarter. Jennison Associates LLC now owns 3,535,111 shares of the real estate investment trust’s stock valued at $106,159,000 after purchasing an additional 1,200,952 shares in the last quarter. Finally, Hudson Bay Capital Management LP increased its position in shares of Cousins Properties by 40.7% in the 2nd quarter. Hudson Bay Capital Management LP now owns 2,759,950 shares of the real estate investment trust’s stock valued at $82,881,000 after buying an additional 797,822 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CUZ shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cousins Properties in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Wells Fargo & Company reduced their price objective on Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Jefferies Financial Group downgraded Cousins Properties from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $34.00 to $27.00 in a report on Monday, October 13th. Finally, Truist Financial cut their target price on Cousins Properties from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, December 1st. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.60.

Cousins Properties Trading Up 0.4%

Cousins Properties stock opened at $25.75 on Friday. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 73.56, a P/E/G ratio of 2.02 and a beta of 1.21. The firm has a 50-day moving average of $25.60 and a 200-day moving average of $27.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91. Cousins Properties Incorporated has a one year low of $24.07 and a one year high of $31.36.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $248.33 million for the quarter, compared to analyst estimates of $239.70 million. Cousins Properties had a return on equity of 1.20% and a net margin of 5.98%.Cousins Properties’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. On average, equities analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, January 5th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.28 annualized dividend and a dividend yield of 5.0%. Cousins Properties’s dividend payout ratio (DPR) is currently 365.71%.

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.