Cousins Properties Incorporated $CUZ Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has reduced its stake in Cousins Properties Incorporated by 14.2%, owning 95,155 shares valued at approximately $2.8 million as of the 1st quarter.
• Other institutional investors increased their stakes, with Choreo LLC raising its position by 25.6%, suggesting varied investor strategies around the stock.
• Cousins Properties announced a quarterly dividend of $0.32 per share, equating to a 4.6% dividend yield, despite a relatively high payout ratio of 345.95%.

Deutsche Bank AG trimmed its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 14.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,155 shares of the real estate investment trust's stock after selling 15,712 shares during the quarter. Deutsche Bank AG owned 0.06% of Cousins Properties worth $2,807,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CUZ. Spire Wealth Management purchased a new stake in shares of Cousins Properties in the 1st quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Cousins Properties in the 1st quarter worth $36,000. Manchester Capital Management LLC lifted its holdings in shares of 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 worth $80,000 after buying an additional 2,313 shares during the period. GF Fund Management CO. LTD. bought a new position in shares of Cousins Properties in the 4th quarter worth $85,000. Finally, Signaturefd LLC boosted its position in Cousins Properties by 16.5% during the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust's stock valued at $100,000 after purchasing an additional 477 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Stock Performance

Shares of CUZ stock traded down $0.1420 during mid-day trading on Monday, reaching $28.3380. The stock had a trading volume of 774,160 shares, compared to its average volume of 1,618,764. The business's fifty day moving average is $28.51 and its 200-day moving average is $28.53. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 76.59, a PEG ratio of 1.87 and a beta of 1.33. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced 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. The business had revenue of $237.72 million for the quarter, compared to analyst estimates of $243.73 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The company's revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, research analysts forecast 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 issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.5%. Cousins Properties's dividend payout ratio is currently 345.95%.

Analyst Upgrades and Downgrades

CUZ has been the topic of a number of recent research reports. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Truist Financial downgraded Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research report on Wednesday, July 2nd. Mizuho raised their price objective 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 dropped their price objective 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, Evercore ISI increased their price target on Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.