Amundi Purchases 10,609 Shares of 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 position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 124,325 shares of the real estate investment trust's stock after acquiring 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 reporting period.

A number of other large investors have also recently bought and sold shares of CUZ. Deutsche Bank AG raised its stake in shares of Cousins Properties by 0.5% during the 4th quarter. Deutsche Bank AG now owns 110,867 shares of the real estate investment trust's stock worth $3,397,000 after purchasing an additional 521 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Cousins Properties during the 4th quarter worth approximately $793,000. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Cousins Properties by 56.4% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 17,041 shares of the real estate investment trust's stock worth $522,000 after purchasing an additional 6,146 shares in the last quarter. Millennium Management LLC raised its stake in shares of Cousins Properties by 400.9% during the 4th quarter. Millennium Management LLC now owns 1,233,050 shares of the real estate investment trust's stock worth $37,781,000 after purchasing an additional 986,863 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of Cousins Properties by 6.2% during the 4th quarter. Nuveen Asset Management LLC now owns 807,492 shares of the real estate investment trust's stock worth $24,742,000 after purchasing an additional 47,040 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Stock Performance

Cousins Properties stock traded down $0.18 during mid-day trading on Friday, hitting $29.43. 1,047,241 shares of the company's stock traded hands, compared to its average volume of 1,458,514. The firm has a 50 day simple moving average of $28.24 and a two-hundred day simple moving average of $28.44. Cousins Properties Incorporated has a fifty-two week low of $24.07 and a fifty-two week high of $32.55. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 79.53, a P/E/G ratio of 2.68 and a beta of 1.39. 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 announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) 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 business had revenue of $237.72 million during the quarter, compared to the consensus estimate of $243.73 million. During the same quarter last year, the firm posted $0.68 EPS. 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. On average, research analysts expect that Cousins Properties Incorporated will post 2.76 EPS 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 was Monday, July 7th. This represents a $1.28 annualized dividend and a yield of 4.3%. Cousins Properties's dividend payout ratio (DPR) is presently 345.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut Cousins Properties from a "hold" rating to a "sell" rating in a research note on Saturday, September 6th. Truist Financial dropped their price objective on Cousins Properties from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, August 26th. Mizuho upped their price objective on Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Evercore ISI upped 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. Finally, Wells Fargo & Company dropped their price target on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Insiders Place Their Bets

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of the stock in a transaction 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 owned 13,518 shares in the company, valued at $396,077.40. This trade represents a 25.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by insiders.

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.