Hsbc Holdings PLC Has $19.91 Million Holdings in Cousins Properties Incorporated $CUZ

Key Points

• Hsbc Holdings PLC increased its stake in Cousins Properties ($CUZ) by 45.6%, owning 674,759 shares worth approximately $19.9 million at the end of the quarter.
• The stock has a 52-week range of $24.07 to $32.55, with a market cap of $4.78 billion and a current price-to-earnings ratio of 76.91.
• Cousins Properties reported a quarterly EPS of $0.70, meeting estimates, and declared a dividend of $0.32 per share, resulting in a 4.5% annual yield.

Hsbc Holdings PLC increased its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 45.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 674,759 shares of the real estate investment trust's stock after purchasing an additional 211,213 shares during the period. Hsbc Holdings PLC owned approximately 0.40% of Cousins Properties worth $19,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP lifted its position in 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 in the last quarter. GF Fund Management CO. LTD. lifted its position in 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 in the last quarter. Cetera Investment Advisers lifted its position in 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 in the last quarter. Signaturefd LLC lifted its position in 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 in the last quarter. Finally, Deutsche Bank AG lifted its position in 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 in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on CUZ. Truist Financial cut their price target on shares of Cousins Properties from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday. Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Mizuho boosted their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Evercore ISI boosted their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company cut their price target on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

Cousins Properties Stock Performance

Shares of CUZ stock traded up $0.13 on Friday, reaching $29.32. The stock had a trading volume of 166,638 shares, compared to its average volume of 1,482,650. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 79.30, a P/E/G ratio of 2.62 and a beta of 1.33. The company has a quick ratio of 2.45, a current 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 firm's 50-day moving average is $28.42 and its two-hundred day moving average is $28.52.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly 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. The firm had revenue of $237.72 million for the quarter, compared to analysts' expectations of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business's revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, July 7th. Cousins Properties's dividend payout ratio is currently 345.95%.

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.