Cbre Investment Management Listed Real Assets LLC Has $8.65 Million Stake in Cousins Properties Incorporated $CUZ

Key Points

• Cbre Investment Management has reduced its holdings in Cousins Properties by 16.6%, owning about 0.17% of the company's shares valued at approximately $8.65 million after the sale.
• Analysts have mixed reviews on Cousins Properties, with Truist Financial lowering its rating from "buy" to "hold" and several others adjusting their price targets, indicating a cautious sentiment on the stock.
• The company reported a $0.70 EPS for the last quarter, meeting consensus estimates, and announced a quarterly dividend yielding 4.5%, reflecting ongoing profitability.

Cbre Investment Management Listed Real Assets LLC reduced its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 16.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,372 shares of the real estate investment trust's stock after selling 58,357 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.17% of Cousins Properties worth $8,654,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CUZ. Quarry LP boosted its stake in shares of Cousins Properties by 9.4% during the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock worth $133,000 after buying an additional 375 shares during the last quarter. GF Fund Management CO. LTD. boosted its stake in shares of Cousins Properties by 14.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 3,175 shares of the real estate investment trust's stock worth $94,000 after buying an additional 410 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Cousins Properties by 2.7% during the 1st quarter. Cetera Investment Advisers now owns 16,377 shares of the real estate investment trust's stock worth $483,000 after buying an additional 427 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Cousins Properties by 16.5% during the 1st 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 during the last quarter. Finally, Deutsche Bank AG boosted 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 buying an additional 521 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

Cousins Properties Price Performance

Shares of NYSE CUZ traded up $0.73 during trading hours on Wednesday, hitting $28.97. 1,574,516 shares of the stock were exchanged, compared to its average volume of 1,491,231. 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 company has a market cap of $4.87 billion, a PE ratio of 78.28, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33. The company's fifty day simple moving average is $28.48 and its two-hundred day simple moving average is $28.53. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share 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 analyst estimates of $243.73 million. During the same quarter last year, the business 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. On average, sell-side analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were given a $0.32 dividend. The ex-dividend date 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 currently 345.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Mizuho lifted their price target on Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Truist Financial reduced their price target on Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday. Wells Fargo & Company reduced their price target on 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 lifted their price target on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Finally, Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.