Centersquare Investment Management LLC Acquires 179,036 Shares of Cousins Properties Incorporated $CUZ

Centersquare Investment Management LLC boosted its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,847,176 shares of the real estate investment trust’s stock after purchasing an additional 179,036 shares during the period. Cousins Properties accounts for 1.5% of Centersquare Investment Management LLC’s portfolio, making the stock its 20th largest holding. Centersquare Investment Management LLC’s holdings in Cousins Properties were worth $150,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CUZ. Bell Investment Advisors Inc increased its stake in Cousins Properties by 2,539.5% in the third quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 965 shares during the period. Farther Finance Advisors LLC increased its stake in Cousins Properties by 128.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 692 shares during the period. Clearstead Advisors LLC increased its stake in Cousins Properties by 176.1% in the fourth quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,150 shares during the period. Danske Bank A S bought a new stake in Cousins Properties in the third quarter valued at about $52,000. Finally, State of Wyoming bought a new stake in Cousins Properties in the fourth quarter valued at about $61,000. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Down 0.4%

CUZ opened at $28.93 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -964.08, a price-to-earnings-growth ratio of 2.15 and a beta of 1.21. The firm has a 50 day simple moving average of $25.54 and a 200 day simple moving average of $24.94. Cousins Properties Incorporated has a fifty-two week low of $21.03 and a fifty-two week high of $30.80.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). The business had revenue of $263.11 million for the quarter, compared to the consensus estimate of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. On average, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.93 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, April 7th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, April 7th. Cousins Properties’s payout ratio is -4,266.67%.

Cousins Properties announced that its board has authorized a share buyback program on Tuesday, February 17th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the real estate investment trust to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CUZ shares. BMO Capital Markets lowered their target price on shares of Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Mizuho set a $27.00 target price on shares of Cousins Properties in a research note on Tuesday, February 24th. Truist Financial lowered their target price on shares of Cousins Properties from $28.00 to $24.00 and set a “hold” rating on the stock in a research note on Tuesday, March 17th. Capital One Financial set a $27.00 price target on shares of Cousins Properties in a research report on Thursday, March 12th. Finally, Robert W. Baird set a $33.00 target price on shares of Cousins Properties in a research report on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.73.

About Cousins Properties

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.