KBC Group NV Has $161,000 Stock Holdings in Cousins Properties Incorporated $CUZ

KBC Group NV lowered its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 29.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,357 shares of the real estate investment trust’s stock after selling 2,197 shares during the quarter. KBC Group NV’s holdings in Cousins Properties were worth $161,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in Cousins Properties during the 1st quarter worth about $36,000. UMB Bank n.a. raised its stake in shares of Cousins Properties by 74.8% during the second quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 1,002 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Cousins Properties by 2,095.3% in the second quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 2,242 shares during the period. Manchester Capital Management LLC boosted its stake in Cousins Properties by 579.7% in the first quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 2,313 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Cousins Properties by 14.3% during the 2nd quarter. Parallel Advisors LLC now owns 3,932 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 493 shares during the period. Institutional investors own 94.38% of the company’s stock.

Insider Buying and Selling at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 4,612 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $29.30, for a total transaction of $135,131.60. Following the completion of the transaction, the chief accounting officer directly owned 13,518 shares in the company, valued at approximately $396,077.40. This trade represents a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Cousins Properties Trading Down 0.4%

NYSE CUZ opened at $25.15 on Thursday. 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. The firm has a market cap of $4.22 billion, a P/E ratio of 67.96, a P/E/G ratio of 2.29 and a beta of 1.36. The stock’s 50-day moving average is $27.18 and its 200-day moving average is $28.08.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.69. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The business had revenue of $248.33 million during the quarter, compared to analysts’ expectations of $239.70 million. During the same period in the prior year, the business earned $0.67 EPS. Cousins Properties’s revenue for the quarter was up 18.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. Sell-side analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, October 3rd. Cousins Properties’s payout ratio is 365.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CUZ shares. Jefferies Financial Group lowered Cousins Properties from a “buy” rating to a “hold” rating and reduced their price target for the stock from $34.00 to $27.00 in a research report on Monday, October 13th. Evercore ISI raised their target price on Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Wall Street Zen lowered Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Wells Fargo & Company cut their price target on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. lifted 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. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Cousins Properties Profile

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.