Resolution Capital Ltd Buys 1,477,044 Shares of Cousins Properties Incorporated $CUZ

Key Points

• Resolution Capital Ltd increased its stake in Cousins Properties by 33.5%, now owning approximately 5.9 million shares, which accounts for around 3.4% of its total holdings.
• Shares of Cousins Properties have recently seen a 0.9% increase, with a current trading price around $29.48 and a market capitalization of $4.95 billion.
• The company declared a quarterly dividend of $0.32 per share, representing an annualized dividend yield of 4.3%, though its payout ratio is notably high at 345.95%.

Resolution Capital Ltd grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 33.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,886,133 shares of the real estate investment trust's stock after acquiring an additional 1,477,044 shares during the period. Cousins Properties accounts for 3.4% of Resolution Capital Ltd's holdings, making the stock its 12th largest position. Resolution Capital Ltd owned about 3.51% of Cousins Properties worth $173,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CUZ. Spire Wealth Management bought a new position in shares of Cousins Properties during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in Cousins Properties in the 1st quarter valued at $36,000. Manchester Capital Management LLC grew its holdings in Cousins Properties by 579.7% in the 1st quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust's stock valued at $80,000 after buying an additional 2,313 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in Cousins Properties during the 4th quarter worth $85,000. Finally, Signaturefd LLC lifted 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 worth $100,000 after buying an additional 477 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Insider Activity at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $29.30, for a total transaction of $135,131.60. Following the completion of the transaction, the chief accounting officer owned 13,518 shares of the company's stock, valued at approximately $396,077.40. The trade was a 25.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

Cousins Properties Price Performance

Shares of NYSE:CUZ traded up $0.43 during midday trading on Thursday, hitting $29.64. The stock had a trading volume of 1,480,222 shares, compared to its average volume of 1,511,298. The company's 50-day moving average price is $28.26 and its 200-day moving average price is $28.46. Cousins Properties Incorporated has a fifty-two week low of $24.07 and a fifty-two week high of $32.55. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4.98 billion, a P/E ratio of 80.11, a price-to-earnings-growth ratio of 2.60 and a beta of 1.39.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. The business had revenue of $237.72 million for the quarter, compared to analyst estimates of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, equities research analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders 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 annualized dividend and a dividend yield of 4.3%. Cousins Properties's dividend payout ratio (DPR) is presently 345.95%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CUZ shares. Evercore ISI upped their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Wells Fargo & Company cut their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Wall Street Zen lowered shares of Cousins Properties from a "hold" rating to a "sell" rating in a research report on Saturday, September 6th. Truist Financial dropped their price target on shares of Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, August 26th. Finally, Mizuho boosted their price target on Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.40.

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.