JPMorgan Chase & Co. Sells 110,551 Shares of Cousins Properties Incorporated $CUZ

JPMorgan Chase & Co. trimmed its position in Cousins Properties Incorporated (NYSE:CUZ) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,237,113 shares of the real estate investment trust’s stock after selling 110,551 shares during the quarter. JPMorgan Chase & Co. owned about 1.33% of Cousins Properties worth $64,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of Cousins Properties by 153.2% in the third quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock worth $91,751,000 after purchasing an additional 1,918,393 shares during the period. Norges Bank purchased a new stake in shares of Cousins Properties in the second quarter worth $41,351,000. Woodline Partners LP bought a new stake in shares of Cousins Properties during the 3rd quarter valued at $29,341,000. Balyasny Asset Management L.P. raised its position in shares of Cousins Properties by 1,369.1% during the 3rd quarter. Balyasny Asset Management L.P. now owns 905,831 shares of the real estate investment trust’s stock valued at $26,215,000 after purchasing an additional 844,171 shares during the period. Finally, Hudson Bay Capital Management LP lifted its stake in shares of Cousins Properties by 40.7% during 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.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CUZ. Capital One Financial set a $27.00 price target on Cousins Properties in a research note on Thursday, March 12th. Weiss Ratings downgraded Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. dropped their price objective 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. Cantor Fitzgerald set a $28.00 target price on Cousins Properties in a research report on Monday, December 1st. Finally, Barclays decreased their target price on Cousins Properties from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cousins Properties presently has an average rating of “Moderate Buy” and an average target price of $28.92.

Cousins Properties Stock Performance

CUZ opened at $23.05 on Friday. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 96.02, a PEG ratio of 1.82 and a beta of 1.21. The company has a fifty day moving average of $24.45 and a 200 day moving average of $25.91. Cousins Properties Incorporated has a fifty-two week low of $21.03 and a fifty-two week high of $30.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93.

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

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, April 7th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, April 7th. Cousins Properties’s payout ratio is currently 533.33%.

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

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.