State of Wyoming Takes $161,000 Position in Cousins Properties Incorporated $CUZ

State of Wyoming acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ) during the first quarter, Holdings Channel reports. The institutional investor acquired 5,447 shares of the real estate investment trust’s stock, valued at approximately $161,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Resolution Capital Ltd bought a new position in shares of Cousins Properties in the fourth quarter valued at $135,094,000. GRS Advisors LLC bought a new position in shares of Cousins Properties in the fourth quarter valued at $63,759,000. Rush Island Management LP grew its stake in shares of Cousins Properties by 91.4% in the fourth quarter. Rush Island Management LP now owns 3,011,843 shares of the real estate investment trust’s stock valued at $92,283,000 after buying an additional 1,438,127 shares in the last quarter. Millennium Management LLC grew its stake in shares of Cousins Properties by 400.9% in the fourth quarter. Millennium Management LLC now owns 1,233,050 shares of the real estate investment trust’s stock valued at $37,781,000 after buying an additional 986,863 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Cousins Properties by 3.8% in the first quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust’s stock valued at $759,735,000 after buying an additional 951,637 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CUZ shares. Wall Street Zen cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday. Mizuho raised their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Truist Financial reduced their price objective on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, August 26th. Wells Fargo & Company reduced their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. Finally, Evercore ISI lifted their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Cousins Properties has a consensus rating of “Moderate Buy” and an average target price of $32.40.

Insider Activity

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.30, for a total value of $135,131.60. Following the completion of the sale, the chief accounting officer owned 13,518 shares of the company’s stock, valued at approximately $396,077.40. The trade was a 25.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Cousins Properties Trading Up 0.9%

CUZ stock opened at $29.48 on Friday. The company has a fifty day moving average price of $28.31 and a two-hundred day moving average price of $28.48. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 79.68, a price-to-earnings-growth ratio of 2.65 and a beta of 1.39. Cousins Properties Incorporated has a one year low of $24.07 and a one year high of $32.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. The company had revenue of $237.72 million during the quarter, compared to analysts’ expectations of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. Cousins Properties’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Equities analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, July 7th. Cousins Properties’s payout ratio is presently 345.95%.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.