Lighthouse Investment Partners LLC Purchases 30,135 Shares of Cousins Properties Incorporated $CUZ

Lighthouse Investment Partners LLC grew its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 4.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 655,135 shares of the real estate investment trust’s stock after acquiring an additional 30,135 shares during the quarter. Cousins Properties comprises approximately 0.6% of Lighthouse Investment Partners LLC’s holdings, making the stock its 24th largest holding. Lighthouse Investment Partners LLC owned 0.39% of Cousins Properties worth $18,960,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CUZ. DoubleLine ETF Adviser LP increased its position in Cousins Properties by 5.3% in the third quarter. DoubleLine ETF Adviser LP now owns 10,461 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 531 shares during the last quarter. CSM Advisors LLC grew its stake in shares of Cousins Properties by 10.0% in the 3rd quarter. CSM Advisors LLC now owns 333,650 shares of the real estate investment trust’s stock worth $9,657,000 after buying an additional 30,216 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Cousins Properties by 2.3% in the 3rd quarter. California Public Employees Retirement System now owns 292,922 shares of the real estate investment trust’s stock worth $8,477,000 after buying an additional 6,470 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Cousins Properties by 0.3% in the 3rd quarter. Bank of America Corp DE now owns 707,907 shares of the real estate investment trust’s stock worth $20,487,000 after buying an additional 2,065 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Cousins Properties in the 3rd quarter worth about $347,000. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays lowered their price target on shares of Cousins Properties from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Robert W. Baird set a $33.00 price objective on Cousins Properties in a research note on Wednesday, February 25th. JPMorgan Chase & Co. decreased their price objective on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Cantor Fitzgerald set a $28.00 price objective on Cousins Properties in a research note on Monday, December 1st. Finally, Evercore reissued an “outperform” rating on shares of Cousins Properties in a research report on Friday, February 6th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.25.

Cousins Properties Stock Performance

Shares of NYSE:CUZ opened at $22.77 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.71. Cousins Properties Incorporated has a 12 month low of $21.03 and a 12 month high of $30.81. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 94.89, a PEG ratio of 1.80 and a beta of 1.21. The firm’s 50-day moving average is $24.71 and its 200 day moving average is $26.04.

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

Cousins Properties declared that its board has approved a stock buyback program on Tuesday, February 17th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, January 5th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, January 5th. This represents a $1.28 dividend on an annualized basis and a yield of 5.6%. Cousins Properties’s payout ratio is presently 533.33%.

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.