Aberdeen Group plc Acquires 19,198 Shares of Cousins Properties Incorporated $CUZ

Key Points

• Aberdeen Group plc increased its stake in Cousins Properties by 43.1%, acquiring 19,198 shares and bringing its total holdings to 63,726 shares, valued at approximately $1.88 million.
• Multiple hedge funds have shown interest in Cousins Properties, with 94.38% of the stock currently owned by institutional investors; this includes new stakes from Spire Wealth Management and N.E.W. Advisory Services.
• The company reported a quarterly EPS of $0.70, meeting expectations, but its revenue of $237.72 million fell short of the projected $243.73 million.

Aberdeen Group plc boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 43.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,726 shares of the real estate investment trust's stock after purchasing an additional 19,198 shares during the period. Aberdeen Group plc's holdings in Cousins Properties were worth $1,880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Spire Wealth Management acquired a new stake in shares of Cousins Properties during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Cousins Properties during the first quarter worth approximately $36,000. Manchester Capital Management LLC increased its holdings in shares of Cousins Properties by 579.7% during the first quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust's stock worth $80,000 after buying an additional 2,313 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Cousins Properties during the fourth quarter worth approximately $85,000. Finally, 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 worth $100,000 after buying an additional 477 shares in the last quarter. Institutional investors own 94.38% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday. Wells Fargo & Company dropped their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Evercore ISI raised their price objective on shares of 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 shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Mizuho raised their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Cousins Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Cousins Properties Price Performance

Shares of CUZ traded up $0.73 during mid-day trading on Wednesday, hitting $28.97. 1,640,566 shares of the company traded hands, compared to its average volume of 1,562,880. Cousins Properties Incorporated has a one year low of $24.07 and a one year high of $32.55. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average of $28.44 and a 200 day moving average of $28.53. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 78.28, a PEG ratio of 2.56 and a beta of 1.33.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business had revenue of $237.72 million for the quarter, compared to analysts' expectations of $243.73 million. During the same period in the prior year, the firm earned $0.68 earnings per share. Cousins Properties's 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. As a group, equities 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 was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a yield of 4.4%. Cousins Properties's dividend payout ratio (DPR) is presently 345.95%.

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.