Nuveen LLC Acquires Shares of 526,619 Cousins Properties Incorporated $CUZ

Key Points

• Nuveen LLC acquired 526,619 shares of Cousins Properties Incorporated, valued at approximately $15,535,000, representing about 0.31% of the company.
• Investment in Cousins Properties by institutional investors is significant, with 94.38% of the stock owned by hedge funds and other institutions.
• The company has recently announced a quarterly dividend of $0.32, reflecting a 4.6% yield, while the payout ratio stands at 345.95%.

Nuveen LLC purchased a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 526,619 shares of the real estate investment trust's stock, valued at approximately $15,535,000. Nuveen LLC owned about 0.31% of Cousins Properties at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management purchased a new position in shares of Cousins Properties during the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC purchased a new stake in Cousins Properties during the 1st quarter worth about $36,000. Manchester Capital Management LLC lifted its holdings in Cousins Properties by 579.7% during the 1st 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 in the last quarter. GF Fund Management CO. LTD. purchased a new stake in Cousins Properties during the 4th quarter worth about $85,000. Finally, Signaturefd LLC lifted its holdings in Cousins Properties by 16.5% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Analysts Set New Price Targets

CUZ has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Evercore ISI increased their price objective on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Truist Financial lowered their price target on Cousins Properties from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Mizuho lifted their price target on Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cousins Properties presently has an average rating of "Moderate Buy" and an average price target of $32.40.

Cousins Properties Price Performance

CUZ traded down $0.13 during midday trading on Tuesday, hitting $28.23. The stock had a trading volume of 1,834,300 shares, compared to its average volume of 1,572,841. The company has a market cap of $4.74 billion, a P/E ratio of 76.28, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33. The business has a fifty day moving average of $28.48 and a 200 day moving average of $28.53. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45. Cousins Properties Incorporated has a 1 year low of $24.07 and a 1 year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued 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 firm had revenue of $237.72 million for the quarter, compared to analysts' expectations of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. During the same quarter last year, the business earned $0.68 earnings per share. The business's revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, equities analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 annualized dividend and a yield of 4.5%. Cousins Properties's dividend payout ratio (DPR) is currently 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.