Boston Partners Has $21.85 Million Stock Holdings in Cousins Properties Incorporated $CUZ

Key Points

• Boston Partners increased its stake in Cousins Properties by 2.3%, now owning 754,729 shares valued at approximately $21.8 million.
• Cousins Properties reported a quarterly earnings per share of $0.70, meeting analysts' expectations, with revenue of $237.72 million for the period.
• The company announced a quarterly dividend of $0.32 per share, resulting in an annualized dividend yield of 4.7% amid a dividend payout ratio of 345.95%.

Boston Partners grew its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 754,729 shares of the real estate investment trust's stock after purchasing an additional 16,659 shares during the quarter. Boston Partners owned about 0.45% of Cousins Properties worth $21,845,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Spire Wealth Management acquired a new position in Cousins Properties in the first quarter worth $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of Cousins Properties during the first quarter worth $36,000. Manchester Capital Management LLC raised 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. bought a new stake in shares of Cousins Properties during the fourth quarter worth $85,000. Finally, Signaturefd LLC raised 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 Trading Down 0.3%

Shares of Cousins Properties stock traded down $0.0840 during trading hours on Thursday, hitting $27.6460. The company's stock had a trading volume of 113,821 shares, compared to its average volume of 1,491,725. Cousins Properties Incorporated has a 12 month low of $24.07 and a 12 month high of $32.55. The stock has a 50 day moving average of $28.64 and a 200 day moving average of $28.60. The company has a market capitalization of $4.64 billion, a PE ratio of 74.80, a price-to-earnings-growth ratio of 1.84 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced 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. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The company had revenue of $237.72 million during the quarter, compared to the consensus estimate of $243.73 million. During the same period in the prior year, the company earned $0.68 earnings per share. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CUZ. Truist Financial downgraded Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research report on Wednesday, July 2nd. Evercore ISI boosted their target price on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Wells Fargo & Company dropped their target price on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Finally, Mizuho boosted their target price on Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.