Universal Beteiligungs und Servicegesellschaft mbH Acquires 1,989 Shares of Cousins Properties Incorporated $CUZ

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 0.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 377,842 shares of the real estate investment trust’s stock after purchasing an additional 1,989 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.22% of Cousins Properties worth $11,347,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. N.E.W. Advisory Services LLC bought a new position in Cousins Properties in the first quarter valued at $36,000. UMB Bank n.a. boosted its stake in shares of Cousins Properties by 74.8% during the 2nd 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. grew its holdings in shares of Cousins Properties by 2,095.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,242 shares in the last quarter. Manchester Capital Management LLC increased its position in shares of 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 raised its holdings in 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 worth $118,000 after acquiring an additional 493 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Price Performance

Shares of NYSE CUZ opened at $25.15 on Thursday. The firm has a market cap of $4.22 billion, a P/E ratio of 67.96, a price-to-earnings-growth ratio of 2.29 and a beta of 1.36. The business’s 50 day moving average is $27.18 and its 200-day moving average is $28.08. 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 1-year low of $24.07 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $248.33 million during the quarter, compared to the consensus estimate of $239.70 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. Equities research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Friday, October 3rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, October 3rd. Cousins Properties’s dividend payout ratio (DPR) is currently 365.71%.

Insiders Place Their Bets

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.30, for a total value 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 $396,077.40. The trade was a 25.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

CUZ has been the subject of a number of analyst reports. Evercore ISI raised their price target on Cousins Properties from $31.00 to $32.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Jefferies Financial Group cut shares of Cousins Properties from a “buy” rating to a “hold” rating and decreased their target price for the company from $34.00 to $27.00 in a research note on Monday, October 13th. Wells Fargo & Company lowered their target price on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Truist Financial cut their price target on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cousins Properties from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.