Cousins Properties Incorporated $CUZ Shares Sold by APG Asset Management US Inc.

Key Points

• APG Asset Management US Inc. has decreased its stake in Cousins Properties Incorporated by 1.5%, owning 7,737,721 shares after selling 115,585 shares in the first quarter.
• Cousins Properties reported a net margin of 6.51% and revenue of $237.72 million for the last quarter, reflecting a 12.7% increase year-over-year.
• The company recently declared a quarterly dividend of $0.32 per share, which results in an annual yield of 4.6% and has a high dividend payout ratio of 345.95%.

APG Asset Management US Inc. lowered its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,737,721 shares of the real estate investment trust's stock after selling 115,585 shares during the quarter. Cousins Properties makes up about 1.7% of APG Asset Management US Inc.'s holdings, making the stock its 16th biggest position. APG Asset Management US Inc. owned 4.61% of Cousins Properties worth $227,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new position in shares of Cousins Properties during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of Cousins Properties during the first quarter worth approximately $36,000. Manchester Capital Management LLC grew 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 acquiring an additional 2,313 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Cousins Properties during the fourth quarter worth approximately $85,000. Finally, Signaturefd LLC grew its position 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 during the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Stock Performance

NYSE:CUZ opened at $27.6250 on Friday. The firm's fifty day moving average price is $28.59 and its 200 day moving average price is $28.59. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $32.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 74.66, a price-to-earnings-growth ratio of 1.82 and a beta of 1.33.

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

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, July 7th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, July 7th. Cousins Properties's dividend payout ratio (DPR) is 345.95%.

Wall Street Analyst Weigh In

CUZ has been the topic of a number of research reports. Evercore ISI raised their target price 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. Truist Financial lowered shares of Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Mizuho raised their target price 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. Finally, Wells Fargo & Company lowered their target price 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 research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.50.

Cousins Properties Company 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.

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