Cousins Properties Incorporated $CUZ Shares Bought by Bank of America Corp DE

Bank of America Corp DE lifted its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 63.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,124,141 shares of the real estate investment trust's stock after acquiring an additional 436,396 shares during the quarter. Bank of America Corp DE owned 0.68% of Cousins Properties worth $25,372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC boosted its position in Cousins Properties by 1.6% during the fourth quarter. Sanctuary Advisors LLC now owns 30,730 shares of the real estate investment trust's stock worth $792,000 after purchasing an additional 483 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Cousins Properties by 25.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,634 shares of the real estate investment trust's stock valued at $68,000 after acquiring an additional 526 shares during the last quarter. Polymer Capital Management US LLC increased its holdings in Cousins Properties by 4.8% during the 3rd quarter. Polymer Capital Management US LLC now owns 13,889 shares of the real estate investment trust's stock valued at $402,000 after acquiring an additional 634 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Cousins Properties by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 183,511 shares of the real estate investment trust's stock valued at $4,142,000 after acquiring an additional 666 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Cousins Properties by 128.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 692 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Analysts Set New Price Targets

CUZ has been the topic of several recent research reports. Mizuho upped their price target on shares of Cousins Properties from $27.00 to $33.00 and gave the company an "outperform" rating in a report on Tuesday, July 21st. Weiss Ratings upgraded Cousins Properties from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, June 25th. Evercore reaffirmed an "outperform" rating and issued a $34.00 target price on shares of Cousins Properties in a research note on Monday, July 6th. Barclays increased their target price on Cousins Properties from $28.00 to $34.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Finally, Truist Financial boosted their price target on Cousins Properties from $24.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, June 26th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.09.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $29.22 on Tuesday. The company has a market cap of $4.81 billion, a P/E ratio of 730.68, a P/E/G ratio of 1.95 and a beta of 1.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.83. Cousins Properties Incorporated has a 52 week low of $21.03 and a 52 week high of $32.95. The business has a fifty day simple moving average of $30.23 and a 200-day simple moving average of $26.45.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.58). The company had revenue of $268.53 million for the quarter, compared to analyst estimates of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Equities research analysts forecast that Cousins Properties Incorporated will post 2.97 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, July 6th. Cousins Properties's dividend payout ratio is 3,200.00%.

About Cousins Properties

Cousins Properties Incorporated NYSE: CUZ is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.

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