Algebris UK Ltd. Makes New $12.21 Million Investment in Cousins Properties Incorporated $CUZ

Algebris UK Ltd. bought a new position in Cousins Properties Incorporated (NYSE:CUZ) in the fourth quarter, Holdings Channel.com reports. The fund bought 473,337 shares of the real estate investment trust’s stock, valued at approximately $12,208,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc lifted its position in Cousins Properties by 2,539.5% in the third quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 965 shares during the period. Farther Finance Advisors LLC lifted its position in Cousins Properties by 128.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 692 shares during the period. Danske Bank A S acquired a new stake in Cousins Properties in the third quarter worth approximately $52,000. EverSource Wealth Advisors LLC lifted its position in Cousins Properties by 55.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 753 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in Cousins Properties in the fourth quarter worth approximately $80,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CUZ has been the subject of a number of research analyst reports. Evercore restated an “outperform” rating and issued a $28.00 target price on shares of Cousins Properties in a research report on Thursday, April 30th. Mizuho set a $27.00 target price on Cousins Properties in a research report on Tuesday, February 24th. Truist Financial cut their target price on Cousins Properties from $28.00 to $24.00 and set a “hold” rating for the company in a research report on Tuesday, March 17th. BMO Capital Markets cut their price objective on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, March 12th. Finally, Barclays cut their price objective on Cousins Properties from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.36.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $26.35 on Thursday. Cousins Properties Incorporated has a one year low of $21.03 and a one year high of $30.81. The stock has a fifty day moving average of $23.94 and a 200-day moving average of $24.74. The company has a market capitalization of $4.33 billion, a PE ratio of -877.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.21.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The company had revenue of $263.11 million for the quarter, compared to analyst estimates of $256.77 million. During the same quarter last year, the company posted $0.74 EPS. Cousins Properties’s revenue was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, equities analysts anticipate that Cousins Properties Incorporated will post 2.93 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, April 7th were issued a $0.32 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.9%. Cousins Properties’s dividend payout ratio is presently -4,266.67%.

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

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.