Asset Management One Co. Ltd. Sells 1,100 Shares of Cousins Properties Incorporated $CUZ

Asset Management One Co. Ltd. cut its position in Cousins Properties Incorporated (NYSE:CUZ) by 0.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 251,074 shares of the real estate investment trust’s stock after selling 1,100 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Cousins Properties were worth $7,540,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. raised its holdings in Cousins Properties by 14.8% in the first 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 in the last quarter. Cetera Investment Advisers increased its holdings in shares of Cousins Properties by 2.7% during the first quarter. Cetera Investment Advisers now owns 16,377 shares of the real estate investment trust’s stock valued at $483,000 after acquiring an additional 427 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Cousins Properties by 16.5% during the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 477 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Cousins Properties by 14.3% during the second quarter. Parallel Advisors LLC now owns 3,932 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 493 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of Cousins Properties by 1.5% during the first quarter. State of Michigan Retirement System now owns 40,144 shares of the real estate investment trust’s stock valued at $1,184,000 after acquiring an additional 600 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $29.30, for a total transaction of $135,131.60. Following the transaction, the chief accounting officer owned 13,518 shares in the company, valued at $396,077.40. This trade represents a 25.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Cousins Properties in a report on Wednesday, October 8th. Mizuho upped their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Evercore ISI upped their price objective on shares of Cousins Properties from $31.00 to $32.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Finally, Truist Financial dropped their target price on Cousins Properties from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.18.

Cousins Properties Trading Up 0.5%

Cousins Properties stock opened at $26.74 on Tuesday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72. Cousins Properties Incorporated has a 12 month low of $24.07 and a 12 month high of $32.55. The stock’s 50 day simple moving average is $28.21 and its two-hundred day simple moving average is $28.24. The firm has a market cap of $4.49 billion, a PE ratio of 72.28, a P/E/G ratio of 2.40 and a beta of 1.39.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The business had revenue of $237.72 million for the quarter, compared to analyst estimates of $243.73 million. During the same quarter in the prior year, the firm posted $0.68 EPS. The business’s quarterly revenue 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. Analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were given 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 dividend payout ratio (DPR) 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.