Swedbank AB Has $13.21 Million Stock Position in Cousins Properties Incorporated $CUZ

Key Points

• Swedbank AB has increased its stake in Cousins Properties Incorporated by 9.3%, owning approximately 0.27% of the company with a market value of $13.2 million.
• Cousins Properties reported a Q2 EPS of $0.70, meeting estimates, and a revenue increase of 12.7% compared to the same quarter last year.
• The company has announced a quarterly dividend of $0.32 per share, translating to an annualized yield of 4.3%, despite a high dividend payout ratio of 345.95%.

Swedbank AB grew its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 447,803 shares of the real estate investment trust's stock after purchasing an additional 38,053 shares during the period. Swedbank AB owned approximately 0.27% of Cousins Properties worth $13,210,000 as of its most recent SEC filing.

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

Cousins Properties Stock Performance

Shares of NYSE:CUZ traded down $0.45 during midday trading on Friday, hitting $28.83. The company's stock had a trading volume of 3,094,476 shares, compared to its average volume of 1,537,822. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45. The stock's 50 day simple moving average is $28.25 and its 200 day simple moving average is $28.42. Cousins Properties Incorporated has a fifty-two week low of $24.07 and a fifty-two week high of $32.55. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 77.92, a PEG ratio of 2.65 and a beta of 1.39.

Cousins Properties (NYSE:CUZ - Get Free Report) last released 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. The business had revenue of $237.72 million during 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 firm's revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, October 3rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.4%. Cousins Properties's dividend payout ratio (DPR) is currently 345.95%.

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 on Friday, September 5th. The shares were sold at an average price of $29.30, for a total transaction of $135,131.60. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CUZ. Wall Street Zen lowered Cousins Properties from a "hold" rating to a "sell" rating in a report on Saturday, September 6th. Mizuho increased their price objective on Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Evercore ISI increased their price objective on Cousins Properties from $31.00 to $32.00 and gave the stock an "in-line" rating in a report on Monday. Finally, Truist Financial cut their price objective on Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, August 26th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.