Cousins Properties Incorporated $CUZ Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management increased its stake in Cousins Properties Incorporated by 44% during Q1, owning 379,544 shares worth approximately $11.1 million at the end of the reporting period.
• The company recently announced a quarterly dividend of $0.32 per share, translating to an annualized dividend of $1.28 and a dividend yield of 4.4%.
• Analysts have mixed sentiments on Cousins Properties, with a consensus rating of "Moderate Buy" and an average price target of $32.40, while some firms have recently adjusted their ratings and price targets, indicating varied outlooks.

AQR Capital Management LLC lifted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 44.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 379,544 shares of the real estate investment trust's stock after acquiring an additional 116,009 shares during the period. AQR Capital Management LLC owned 0.23% of Cousins Properties worth $11,117,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GF Fund Management CO. LTD. raised its position 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 acquiring an additional 410 shares in the last quarter. Cetera Investment Advisers raised its position 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 acquiring an additional 427 shares in the last quarter. Signaturefd LLC raised its position 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 acquiring an additional 477 shares in the last quarter. Deutsche Bank AG raised its position 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 acquiring an additional 521 shares in the last quarter. Finally, State of Michigan Retirement System raised its position in shares of Cousins Properties by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 40,144 shares of the real estate investment trust's stock worth $1,184,000 after acquiring an additional 600 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Insider Buying and Selling at Cousins Properties

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

Analyst Ratings Changes

Several brokerages have recently weighed in on CUZ. Truist Financial cut their target price on Cousins Properties from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, August 26th. Mizuho raised their price target 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 raised their price target 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. 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. Finally, Wall Street Zen downgraded Cousins Properties from a "hold" rating to a "sell" rating in a research note on Saturday, September 6th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $32.40.

Cousins Properties Trading Up 2.0%

Shares of CUZ stock opened at $29.21 on Thursday. The business's 50 day moving average is $28.26 and its two-hundred day moving average is $28.46. Cousins Properties Incorporated has a twelve month low of $24.07 and a twelve month high of $32.55. The company has a market capitalization of $4.91 billion, a P/E ratio of 78.93, a price-to-earnings-growth ratio of 2.60 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 (NYSE:CUZ - Get Free Report) last announced 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 company had revenue of $237.72 million for the quarter, compared to the consensus estimate of $243.73 million. During the same period last year, the business posted $0.68 EPS. The company's 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. Equities analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were paid a $0.32 dividend. 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 dividend payout ratio (DPR) is 345.95%.

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.

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