Hsbc Holdings PLC Purchases 289,701 Shares of Cousins Properties Incorporated $CUZ

Hsbc Holdings PLC grew its position in Cousins Properties Incorporated (NYSE:CUZ) by 36.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,085,544 shares of the real estate investment trust’s stock after acquiring an additional 289,701 shares during the period. Hsbc Holdings PLC’s holdings in Cousins Properties were worth $24,508,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CUZ. Principal Financial Group Inc. raised its stake in Cousins Properties by 3.4% during 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 buying an additional 419,911 shares during the period. Resolution Capital Ltd increased its holdings in shares of Cousins Properties by 0.6% in the second quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock worth $177,754,000 after acquiring an additional 33,097 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Cousins Properties by 3.2% in the fourth quarter. Centersquare Investment Management LLC now owns 5,847,176 shares of the real estate investment trust’s stock worth $150,740,000 after acquiring an additional 179,036 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Cousins Properties by 308.9% in the fourth 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 acquiring an additional 3,909,740 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Cousins Properties by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 3,448,764 shares of the real estate investment trust’s stock worth $88,924,000 after purchasing an additional 47,633 shares during the period. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $31.78 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of -1,059.01, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19. The stock’s 50-day moving average is $28.72 and its 200-day moving average is $25.86. Cousins Properties Incorporated has a one year low of $21.03 and a one year high of $32.35.

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

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were issued a $0.32 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.0%. Cousins Properties’s dividend payout ratio (DPR) is -4,266.67%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial lifted their price objective on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Wall Street Zen raised Cousins Properties from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Barclays lifted their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Evercore reiterated an “outperform” rating and issued a $34.00 price target on shares of Cousins Properties in a report on Monday, July 6th. Six 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.91.

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.