Amundi Raises Stock Position in Cousins Properties Incorporated $CUZ

Key Points

• Amundi increased its stake in Cousins Properties Incorporated by 9.3%, acquiring an additional 10,609 shares to bring its total ownership to 124,325 shares, valued at approximately $3,377,000.
• Cousins Properties reported $0.70 earnings per share for the last quarter, meeting consensus estimates, with revenue of $237.72 million, a 12.7% increase year-over-year.
• The company recently announced a quarterly dividend of $0.32 per share, representing an annualized dividend yield of 4.3%, despite a high payout ratio of 345.95%.

Amundi grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,325 shares of the real estate investment trust's stock after buying an additional 10,609 shares during the quarter. Amundi owned 0.07% of Cousins Properties worth $3,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. FJ Capital Management LLC raised its position in Cousins Properties by 80.6% during the first quarter. FJ Capital Management LLC now owns 16,481 shares of the real estate investment trust's stock valued at $486,000 after purchasing an additional 7,354 shares in the last quarter. Quarry LP raised its holdings in shares of Cousins Properties by 58.5% during the 1st quarter. Quarry LP now owns 6,896 shares of the real estate investment trust's stock valued at $203,000 after buying an additional 2,545 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Cousins Properties by 42.1% during the 1st quarter. Evergreen Capital Management LLC now owns 10,714 shares of the real estate investment trust's stock valued at $316,000 after buying an additional 3,172 shares in the last quarter. State of Wyoming purchased a new position in shares of Cousins Properties during the 1st quarter valued at about $161,000. Finally, Landscape Capital Management L.L.C. raised its holdings in shares of Cousins Properties by 63.4% during the 1st quarter. Landscape Capital Management L.L.C. now owns 31,904 shares of the real estate investment trust's stock valued at $941,000 after buying an additional 12,379 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Cousins Properties Trading Down 1.3%

Shares of NYSE CUZ traded down $0.38 during mid-day trading on Wednesday, hitting $28.89. The stock had a trading volume of 1,646,763 shares, compared to its average volume of 1,475,552. The business has a 50 day moving average price of $28.25 and a two-hundred day moving average price of $28.43. Cousins Properties Incorporated has a 1 year low of $24.07 and a 1 year high of $32.55. The firm has a market cap of $4.85 billion, a P/E ratio of 78.07, a price-to-earnings-growth ratio of 2.65 and a beta of 1.39. 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 (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The firm had revenue of $237.72 million for the quarter, compared to analysts' expectations of $243.73 million. During the same quarter in the previous year, the company earned $0.68 earnings per share. The company's revenue for the quarter 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. On average, equities analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

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

Insider Activity

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the business's stock in a transaction that occurred on 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 directly owned 13,518 shares of the company's stock, valued at approximately $396,077.40. The trade was a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Cousins Properties from a "hold" rating to a "sell" rating in a research note on Saturday, September 6th. Truist Financial decreased their price target on shares of Cousins Properties from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, August 26th. Evercore ISI lifted their target price on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an "in-line" rating in a research report on Monday. Finally, Mizuho lifted their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Cousins Properties presently has an average rating of "Moderate Buy" and an average target price of $32.50.

Cousins Properties Company 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.