United Services Automobile Association Takes Position in Cousins Properties Incorporated $CUZ

Key Points

• United Services Automobile Association acquired 10,479 shares of Cousins Properties in Q1, valued at approximately $309,000, indicating institutional interest in the real estate investment trust.
• Multiple institutional investors, including Choreo LLC and New York State Teachers Retirement System, have increased their stakes in Cousins Properties, reflecting growing confidence in the company's performance.
• Cousins Properties announced a quarterly dividend of $0.32 per share, with an annualized yield of 4.3%, although the company has a high dividend payout ratio of 345.95%.

United Services Automobile Association bought a new stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 10,479 shares of the real estate investment trust's stock, valued at approximately $309,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management acquired a new position in Cousins Properties in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Cousins Properties in the first quarter worth $36,000. Manchester Capital Management LLC lifted its position 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 worth $80,000 after purchasing an additional 2,313 shares during the period. GF Fund Management CO. LTD. bought a new position in Cousins Properties in the fourth quarter worth $85,000. Finally, Signaturefd LLC lifted its position in Cousins Properties by 16.5% in the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust's stock worth $100,000 after purchasing an additional 477 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of Cousins Properties 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 transaction, the chief accounting officer owned 13,518 shares in the company, 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 this hyperlink. 1.40% of the stock is owned by company insiders.

Cousins Properties Trading Up 1.3%

Shares of Cousins Properties stock traded up $0.37 during trading on Thursday, hitting $29.28. 1,197,138 shares of the company were exchanged, compared to its average volume of 1,510,442. The firm has a market capitalization of $4.92 billion, a P/E ratio of 79.14, a price-to-earnings-growth ratio of 2.62 and a beta of 1.39. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $32.55. The firm's fifty day moving average price is $28.25 and its 200 day moving average price is $28.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $237.72 million during the quarter, compared to analyst estimates of $243.73 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, sell-side analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, October 3rd. Cousins Properties's payout ratio is 345.95%.

Analyst Ratings Changes

A number of research analysts have issued reports on CUZ shares. Truist Financial cut their price objective on Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, August 26th. Wall Street Zen lowered Cousins Properties from a "hold" rating to a "sell" rating in a research report on Saturday, September 6th. Mizuho lifted their price objective on Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Evercore ISI lifted their price objective on Cousins Properties from $31.00 to $32.00 and gave the stock an "in-line" rating in a research report on Monday. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.50.

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.