Russell Investments Group Ltd. Has $11.06 Million Holdings in Cousins Properties Incorporated $CUZ

Key Points

• Russell Investments Group Ltd. increased its stake in Cousins Properties by 94.2% in the first quarter, representing a significant boost in ownership.
• A number of analysts recently changed their ratings for Cousins Properties, with five giving it a hold rating while six analysts assigned a buy rating, reflecting mixed investor sentiment.
• Cousins Properties also declared a quarterly dividend of $0.32, with a current dividend yield of 4.6% and a substantial payout ratio of 345.95%.

Russell Investments Group Ltd. lifted its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 94.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 374,933 shares of the real estate investment trust's stock after purchasing an additional 181,911 shares during the period. Russell Investments Group Ltd. owned approximately 0.22% of Cousins Properties worth $11,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Spire Wealth Management acquired a new stake in shares of Cousins Properties during the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Cousins Properties during the first quarter worth $36,000. Manchester Capital Management LLC raised its position in shares of Cousins Properties by 579.7% during the first quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust's stock worth $80,000 after purchasing an additional 2,313 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of Cousins Properties during the fourth quarter worth $85,000. Finally, Signaturefd LLC grew its holdings in shares of Cousins Properties by 16.5% during the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust's stock valued at $100,000 after buying an additional 477 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Up 2.8%

NYSE CUZ traded up $0.7880 on Friday, reaching $28.4580. The stock had a trading volume of 1,153,211 shares, compared to its average volume of 1,618,764. The business has a 50 day moving average price of $28.55 and a 200 day moving average price of $28.55. 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 1 year low of $24.07 and a 1 year high of $32.55. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 76.91, a P/E/G ratio of 1.87 and a beta of 1.33.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, meeting analysts' consensus estimates of $0.70. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The firm had revenue of $237.72 million for the quarter, compared to the consensus estimate of $243.73 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business's quarterly revenue 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, analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company 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. The ex-dividend date was Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a yield of 4.5%. Cousins Properties's payout ratio is 345.95%.

Analyst Ratings Changes

CUZ has been the topic of a number of research analyst reports. Truist Financial downgraded Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a report on Wednesday, July 2nd. Mizuho lifted their price target on Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Evercore ISI lifted their price target on Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company lowered their price target on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.