Capital Investment Advisors LLC Increases Stake in Cousins Properties Incorporated $CUZ

Key Points

• Capital Investment Advisors LLC increased its stake in Cousins Properties by 5.3% in the second quarter, owning approximately 396,754 shares valued at around $11.9 million.
• The company has announced a quarterly dividend of $0.32, with an ex-dividend date of October 3rd, representing an annualized yield of 4.5%.
• Recent research reports indicate a consensus rating of "Moderate Buy" for Cousins Properties, with an average price target of $32.50.

Capital Investment Advisors LLC raised its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,754 shares of the real estate investment trust's stock after buying an additional 20,061 shares during the quarter. Capital Investment Advisors LLC owned about 0.24% of Cousins Properties worth $11,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in Cousins Properties during the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of Cousins Properties in the first quarter valued at $36,000. UMB Bank n.a. grew its holdings in shares of Cousins Properties by 74.8% in the second quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 1,002 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Cousins Properties by 579.7% in the first quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust's stock valued at $80,000 after purchasing an additional 2,313 shares in the last quarter. Finally, GF Fund Management CO. LTD. grew its holdings in shares of Cousins Properties by 14.8% in the first quarter. GF Fund Management CO. LTD. now owns 3,175 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 410 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.30, for a total value of $135,131.60. Following the completion of the transaction, the chief accounting officer directly owned 13,518 shares in the company, valued at approximately $396,077.40. The trade was a 25.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company's stock.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $28.26 on Tuesday. The firm has a market cap of $4.75 billion, a P/E ratio of 76.36, a P/E/G ratio of 2.57 and a beta of 1.39. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72. Cousins Properties Incorporated has a 12 month low of $24.07 and a 12 month high of $32.55. The stock's fifty day moving average price is $28.24 and its 200-day moving average price is $28.40.

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 EPS for the quarter, meeting the consensus estimate of $0.70. The firm had revenue of $237.72 million for the quarter, compared to analyst estimates of $243.73 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, equities research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd will be issued a $0.32 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.5%. Cousins Properties's payout ratio is currently 345.95%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CUZ. Wall Street Zen lowered shares of Cousins Properties from a "hold" rating to a "sell" rating in a report on Saturday, September 6th. Mizuho raised their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Evercore ISI raised their target price on shares of Cousins Properties from $31.00 to $32.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Finally, Truist Financial cut their target price on shares of Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Cousins Properties currently has a consensus rating of "Moderate Buy" and an average price target of $32.50.

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.

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