Pensionfund Sabic Has $543,000 Stock Position in Cousins Properties Incorporated $CUZ

Pensionfund Sabic lowered its position in Cousins Properties Incorporated (NYSE:CUZ) by 9.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,400 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. Pensionfund Sabic’s holdings in Cousins Properties were worth $543,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in 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 purchasing an additional 951,637 shares in the last quarter. Resolution Capital Ltd grew its stake in Cousins Properties by 33.5% in the first quarter. Resolution Capital Ltd now owns 5,886,133 shares of the real estate investment trust’s stock valued at $173,641,000 after purchasing an additional 1,477,044 shares in the last quarter. Jennison Associates LLC grew its stake in Cousins Properties by 6.0% in the first quarter. Jennison Associates LLC now owns 2,334,159 shares of the real estate investment trust’s stock valued at $68,858,000 after purchasing an additional 132,653 shares in the last quarter. Northern Trust Corp grew its stake in Cousins Properties by 1.9% in the first quarter. Northern Trust Corp now owns 1,879,133 shares of the real estate investment trust’s stock valued at $55,434,000 after purchasing an additional 35,578 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Cousins Properties by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust’s stock valued at $40,853,000 after purchasing an additional 12,131 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $29.43 on Friday. The business has a 50 day moving average price of $28.24 and a 200 day moving average price of $28.44. Cousins Properties Incorporated has a twelve month low of $24.07 and a twelve month high of $32.55. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 79.53, a PEG ratio of 2.68 and a beta of 1.39. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72.

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

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 annualized dividend and a yield of 4.3%. Cousins Properties’s dividend payout ratio is 345.95%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company lowered their target price on Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Mizuho upped their price target on Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Truist Financial decreased their price target on Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, August 26th. Wall Street Zen downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, September 6th. Finally, Evercore ISI upped their price target on Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a research note on Monday, May 19th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.40.

Insider Buying and Selling

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $29.30, for a total value of $135,131.60. Following the completion of the transaction, the chief accounting officer owned 13,518 shares of the company’s stock, valued at $396,077.40. This represents a 25.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by company insiders.

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.