VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in Cousins Properties Incorporated $CUZ

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 346,490 shares of the real estate investment trust’s stock, valued at approximately $10,405,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.21% of Cousins Properties as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CUZ. Spire Wealth Management bought a new stake in Cousins Properties in the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in Cousins Properties in the 1st quarter worth approximately $36,000. UMB Bank n.a. grew its position in Cousins Properties by 74.8% in the 2nd quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,002 shares during the period. Manchester Capital Management LLC grew its position in Cousins Properties by 579.7% in the 1st quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 2,313 shares during the period. Finally, GF Fund Management CO. LTD. grew its position in Cousins Properties by 14.8% in the 1st quarter. GF Fund Management CO. LTD. now owns 3,175 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 410 shares during the period. Institutional investors own 94.38% of the company’s stock.

Analysts Set New Price Targets

CUZ has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Cousins Properties from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Evercore ISI lifted their target price on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Truist Financial cut their target price 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. Jefferies Financial Group downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating and cut their price objective for the company from $34.00 to $27.00 in a research report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cousins Properties in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.18.

Insider Buying and Selling at Cousins Properties

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $29.30, for a total value of $135,131.60. Following the sale, the chief accounting officer owned 13,518 shares in the company, valued at $396,077.40. The trade was a 25.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

Cousins Properties Stock Down 0.7%

CUZ opened at $26.62 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45. Cousins Properties Incorporated has a fifty-two week low of $24.07 and a fifty-two week high of $32.55. The firm’s fifty day moving average is $28.32 and its 200 day moving average is $28.21. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 71.94, a price-to-earnings-growth ratio of 2.42 and a beta of 1.39.

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

Cousins Properties Dividend Announcement

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