Algert Global LLC Sells 88,910 Shares of Cousins Properties Incorporated $CUZ

Key Points

• Algert Global LLC reduced its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 77.0%, totaling 26,569 shares after selling 88,910 shares in the first quarter, valued at $784,000.
• Cousins Properties' quarterly dividend of $0.32 per share represents a 4.5% dividend yield, with a significant dividend payout ratio of 345.95%.
• Analysts have set a consensus price target of $32.50 for Cousins Properties, with ratings ranging from "Buy" to "Hold" among various research firms.

Algert Global LLC trimmed its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 77.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,569 shares of the real estate investment trust's stock after selling 88,910 shares during the quarter. Algert Global LLC's holdings in Cousins Properties were worth $784,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Cousins Properties by 3.8% during the first quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust's stock worth $759,735,000 after acquiring an additional 951,637 shares in the last quarter. Resolution Capital Ltd acquired a new position in Cousins Properties during the fourth quarter worth $135,094,000. Rush Island Management LP raised its stake in Cousins Properties by 91.4% during the fourth quarter. Rush Island Management LP now owns 3,011,843 shares of the real estate investment trust's stock worth $92,283,000 after acquiring an additional 1,438,127 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Cousins Properties by 7.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,505,910 shares of the real estate investment trust's stock worth $76,781,000 after acquiring an additional 172,094 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Cousins Properties by 6.0% during the first quarter. Jennison Associates LLC now owns 2,334,159 shares of the real estate investment trust's stock worth $68,858,000 after acquiring an additional 132,653 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Trading Up 0.3%

NYSE:CUZ traded up $0.08 during mid-day trading on Thursday, hitting $29.00. The company had a trading volume of 605,481 shares, compared to its average volume of 1,486,098. Cousins Properties Incorporated has a fifty-two week low of $24.07 and a fifty-two week high of $32.55. The business's fifty day moving average is $28.44 and its two-hundred day moving average is $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. The firm has a market cap of $4.87 billion, a P/E ratio of 78.28, a P/E/G ratio of 2.56 and a beta of 1.33.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The firm had revenue of $237.72 million for the quarter, compared to analyst estimates of $243.73 million. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The company's quarterly 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, research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were 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 was Monday, July 7th. Cousins Properties's payout ratio is 345.95%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CUZ shares. 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 research note on Monday, May 19th. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Mizuho increased their target price on Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wells Fargo & Company decreased their price target on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Finally, Truist Financial decreased 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. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

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.