BROOKFIELD Corp ON Takes $5.55 Million Position in Cousins Properties Incorporated $CUZ

BROOKFIELD Corp ON acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 246,002 shares of the real estate investment trust’s stock, valued at approximately $5,552,000.

Several other large investors have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership acquired a new position in shares of Cousins Properties in the second quarter worth $902,000. EverSource Wealth Advisors LLC increased its position in shares of Cousins Properties by 55.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 753 shares during the period. Marshall Wace LLP acquired a new stake in shares of Cousins Properties in the second quarter valued at $3,723,000. Federated Hermes Inc. raised its stake in shares of Cousins Properties by 40.8% in the second quarter. Federated Hermes Inc. now owns 110,926 shares of the real estate investment trust’s stock valued at $3,331,000 after acquiring an additional 32,162 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Cousins Properties by 8.6% in the second quarter. California Public Employees Retirement System now owns 286,452 shares of the real estate investment trust’s stock valued at $8,602,000 after acquiring an additional 22,741 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Evercore reissued an “outperform” rating and set a $34.00 target price on shares of Cousins Properties in a research note on Monday, July 6th. Wells Fargo & Company increased their price target on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Truist Financial lifted their price objective on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Finally, Wall Street Zen raised Cousins Properties from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus price target of $30.91.

Cousins Properties Price Performance

CUZ stock opened at $32.12 on Monday. The business has a 50 day moving average price of $29.05 and a 200 day moving average price of $25.98. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of -1,070.38, a PEG ratio of 2.36 and a beta of 1.19. Cousins Properties Incorporated has a fifty-two week low of $21.03 and a fifty-two week high of $32.35. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.21). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The company had revenue of $263.11 million during the quarter, compared to analysts’ expectations of $256.77 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Equities research analysts anticipate that Cousins Properties Incorporated will post 2.95 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were issued a $0.32 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. Cousins Properties’s dividend payout ratio is presently -4,266.67%.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.