Sequoia Financial Advisors LLC Purchases New Position in Cousins Properties Incorporated $CUZ

Sequoia Financial Advisors LLC purchased a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,659 shares of the real estate investment trust’s stock, valued at approximately $620,000.

A number of other institutional investors have also recently made changes to their positions in CUZ. Resolution Capital Ltd lifted its holdings in shares of Cousins Properties by 33.5% in the 1st quarter. Resolution Capital Ltd now owns 5,886,133 shares of the real estate investment trust’s stock valued at $173,641,000 after acquiring an additional 1,477,044 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cousins Properties by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust’s stock valued at $759,735,000 after acquiring an additional 951,637 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Cousins Properties by 106.6% in the 1st quarter. Invesco Ltd. now owns 1,289,407 shares of the real estate investment trust’s stock valued at $38,038,000 after acquiring an additional 665,391 shares during the last quarter. Strs Ohio bought a new position in shares of Cousins Properties in the 1st quarter valued at about $18,057,000. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of Cousins Properties by 419.2% in the 1st quarter. Jupiter Asset Management Ltd. now owns 721,353 shares of the real estate investment trust’s stock valued at $21,280,000 after acquiring an additional 582,429 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Up 1.1%

Shares of NYSE CUZ opened at $26.79 on Monday. The firm has a 50-day simple moving average of $28.32 and a two-hundred day simple moving average of $28.21. 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 Incorporated has a 1 year low of $24.07 and a 1 year high of $32.55. The company has a market cap of $4.50 billion, a P/E ratio of 72.39, a PEG ratio of 2.42 and a beta of 1.39.

Cousins Properties (NYSE:CUZ) last posted its quarterly 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 net margin of 6.51% and a return on equity of 1.27%. 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 previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, October 3rd. Cousins Properties’s payout ratio is currently 345.95%.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of Cousins Properties stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $29.30, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Jefferies Financial Group downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $34.00 to $27.00 in a research note on Monday, October 13th. Evercore ISI raised their price objective on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. JPMorgan Chase & Co. raised their price objective on shares of Cousins Properties from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Finally, Mizuho raised their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.18.

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.