Jump Financial LLC Invests $396,000 in Cousins Properties Incorporated $CUZ

Jump Financial LLC purchased a new position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,410 shares of the real estate investment trust's stock, valued at approximately $396,000.

Several other hedge funds have also recently modified their holdings of the business. Van Hulzen Asset Management LLC raised its stake in shares of Cousins Properties by 5.3% in the first quarter. Van Hulzen Asset Management LLC now owns 16,790 shares of the real estate investment trust's stock worth $495,000 after purchasing an additional 850 shares during the last quarter. Allstate Corp purchased a new position in shares of Cousins Properties in the first quarter worth $506,000. Martingale Asset Management L P raised its stake in shares of Cousins Properties by 1.1% in the first quarter. Martingale Asset Management L P now owns 135,291 shares of the real estate investment trust's stock worth $3,991,000 after purchasing an additional 1,534 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Cousins Properties by 45.6% in the first quarter. Hsbc Holdings PLC now owns 674,759 shares of the real estate investment trust's stock worth $19,905,000 after purchasing an additional 211,213 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Cousins Properties in the first quarter worth $267,000. Hedge funds and other institutional investors own 94.38% of the company's stock.

Wall Street Analyst Weigh In

CUZ has been the subject of several recent analyst reports. Evercore ISI boosted their price target on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Mizuho upped 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. Truist Financial reduced their price objective on Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, August 26th. Wells Fargo & Company reduced their price objective 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, Wall Street Zen cut Cousins Properties from a "hold" rating to a "sell" rating in a research report on Saturday. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

Cousins Properties Stock Performance

NYSE:CUZ traded up $0.27 during mid-day trading on Friday, hitting $29.48. 1,780,820 shares of the company traded hands, compared to its average volume of 1,373,976. The stock's fifty day moving average price is $28.31 and its 200-day moving average price is $28.46. Cousins Properties Incorporated has a one year low of $24.07 and a one year 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 firm has a market cap of $4.95 billion, a price-to-earnings ratio of 79.68, a price-to-earnings-growth ratio of 2.67 and a beta of 1.39.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The business had revenue of $237.72 million during the quarter, compared to analyst estimates of $243.73 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. Cousins Properties'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. Research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

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

Insider Transactions at Cousins Properties

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $29.30, for a total transaction of $135,131.60. Following the completion of the sale, the chief accounting officer owned 13,518 shares of the company's stock, valued at approximately $396,077.40. The trade was a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.47% of the company's stock.

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.