Invesco Ltd. Raises Stock Position in Cousins Properties Incorporated $CUZ

Key Points

• Invesco Ltd. has significantly increased its stake in Cousins Properties Incorporated by 106.6%, now owning approximately 1,289,407 shares worth $38.04 million.
• Cousins Properties announced a quarterly earnings report showing $0.70 earnings per share, which matched analysts' expectations, alongside a revenue of $237.72 million.
• The company has a recent quarterly dividend of $0.32 per share, with an annualized yield of 4.6%, though its payout ratio is notably high at 345.95%.

Invesco Ltd. grew its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 106.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,289,407 shares of the real estate investment trust's stock after purchasing an additional 665,391 shares during the quarter. Invesco Ltd. owned approximately 0.77% of Cousins Properties worth $38,038,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CUZ. Resolution Capital Ltd purchased a new position in shares of Cousins Properties during the fourth quarter worth about $135,094,000. GRS Advisors LLC purchased a new position in shares of Cousins Properties during the fourth quarter worth about $63,759,000. Rush Island Management LP grew its holdings in shares of Cousins Properties by 91.4% during the fourth quarter. Rush Island Management LP now owns 3,011,843 shares of the real estate investment trust's stock worth $92,283,000 after purchasing an additional 1,438,127 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Cousins Properties by 400.9% during the fourth quarter. Millennium Management LLC now owns 1,233,050 shares of the real estate investment trust's stock worth $37,781,000 after purchasing an additional 986,863 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Cousins Properties by 3.8% during the first quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust's stock worth $759,735,000 after purchasing an additional 951,637 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Cousins Properties Stock Performance

NYSE:CUZ traded up $0.7850 during mid-day trading on Friday, reaching $28.4550. The stock had a trading volume of 518,881 shares, compared to its average volume of 1,488,883. 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 firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 76.93, a PEG ratio of 1.82 and a beta of 1.33. Cousins Properties Incorporated has a twelve month low of $24.07 and a twelve month high of $32.55. The business has a 50 day simple moving average of $28.59 and a 200 day simple moving average of $28.59.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.70. The firm had revenue of $237.72 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal 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 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 yield of 4.5%. Cousins Properties's dividend payout ratio (DPR) is 345.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CUZ shares. Mizuho raised 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. Wall Street Zen upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Wells Fargo & Company decreased their target price on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Truist Financial downgraded shares of Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research note on Wednesday, July 2nd. Finally, Evercore ISI increased 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 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 stock. According to MarketBeat, Cousins Properties has a consensus rating of "Moderate Buy" and an average 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.