Cousins Properties Incorporated $CUZ Stock Position Lifted by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP raised its stake in Cousins Properties by 14.4%, owning 489,872 shares worth approximately $14.45 million as of the latest SEC filing.
• Cousins Properties reported a quarterly EPS of $0.70, meeting analysts' expectations, and announced guidance for FY 2025 EPS between $2.790 and $2.850.
• The company declared a quarterly dividend of $0.32 per share, translating to an annualized yield of 4.5%, while its dividend payout ratio stands at 345.95%.

Wellington Management Group LLP lifted its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 14.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 489,872 shares of the real estate investment trust's stock after purchasing an additional 61,841 shares during the quarter. Wellington Management Group LLP owned about 0.29% of Cousins Properties worth $14,451,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CUZ. Resolution Capital Ltd purchased a new position in Cousins Properties in the 4th quarter worth approximately $135,094,000. GRS Advisors LLC purchased a new position in Cousins Properties in the 4th quarter worth approximately $63,759,000. Rush Island Management LP boosted its holdings in Cousins Properties by 91.4% in the 4th quarter. Rush Island Management LP now owns 3,011,843 shares of the real estate investment trust's stock worth $92,283,000 after acquiring an additional 1,438,127 shares during the period. Millennium Management LLC boosted its holdings in Cousins Properties by 400.9% in the 4th quarter. Millennium Management LLC now owns 1,233,050 shares of the real estate investment trust's stock worth $37,781,000 after acquiring an additional 986,863 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Cousins Properties by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust's stock worth $759,735,000 after acquiring an additional 951,637 shares during the period. Hedge funds and other institutional investors own 94.38% of the company's stock.

Wall Street Analyst Weigh In

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

Cousins Properties Stock Performance

NYSE CUZ traded up $0.29 during trading hours on Friday, hitting $29.48. The company had a trading volume of 1,372,305 shares, compared to its average volume of 1,558,051. 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 business has a fifty day simple moving average of $28.40 and a 200-day simple moving average of $28.51. The firm has a market cap of $4.95 billion, a P/E ratio of 79.69, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.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 company earned $0.68 earnings per share. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Equities analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 annualized dividend and a yield of 4.3%. Cousins Properties's dividend payout ratio (DPR) is currently 345.95%.

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.