Knights of Columbus Asset Advisors LLC Acquires Shares of 25,562 Cousins Properties Incorporated $CUZ

Key Points

• Knights of Columbus Asset Advisors LLC acquired 25,562 shares of Cousins Properties Incorporated, valued at approximately $768,000, during the second quarter.
• Cousins Properties reported a quarterly earnings per share (EPS) of $0.70, matching consensus estimates, with revenue of $237.72 million, a 12.7% increase year-over-year.
• The company announced a quarterly dividend of $0.32 per share, representing a 4.6% dividend yield, set to be paid on October 15th.

Knights of Columbus Asset Advisors LLC acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 25,562 shares of the real estate investment trust's stock, valued at approximately $768,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CUZ. GAMMA Investing LLC grew its holdings in Cousins Properties by 4,075.6% in the 1st quarter. GAMMA Investing LLC now owns 31,359 shares of the real estate investment trust's stock valued at $925,000 after buying an additional 30,608 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Cousins Properties by 1.2% in the 1st quarter. Yousif Capital Management LLC now owns 57,490 shares of the real estate investment trust's stock valued at $1,696,000 after buying an additional 666 shares in the last quarter. SG Americas Securities LLC acquired a new position in Cousins Properties in the 1st quarter valued at $1,072,000. USA Financial Formulas grew its holdings in Cousins Properties by 19.4% in the 1st quarter. USA Financial Formulas now owns 11,525 shares of the real estate investment trust's stock valued at $340,000 after buying an additional 1,873 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Cousins Properties by 7.9% in the 1st quarter. QRG Capital Management Inc. now owns 21,467 shares of the real estate investment trust's stock valued at $633,000 after buying an additional 1,570 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Price Performance

Shares of CUZ stock opened at $27.99 on Wednesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. Cousins Properties Incorporated has a twelve month low of $24.07 and a twelve month high of $32.55. The company has a market cap of $4.70 billion, a P/E ratio of 75.65, a P/E/G ratio of 2.58 and a beta of 1.39. The business has a fifty day simple moving average of $28.33 and a 200 day simple moving average of $28.37.

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, 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 business 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 EPS. 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. On average, sell-side analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, October 3rd will be 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 is Friday, October 3rd. Cousins Properties's dividend payout ratio is currently 345.95%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Evercore ISI upped their target price on Cousins Properties from $31.00 to $32.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. JPMorgan Chase & Co. upped their target price on Cousins Properties from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, September 30th. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Friday, October 3rd. 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. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Cousins Properties in a research report on Saturday, September 27th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Cousins Properties presently has an average rating of "Moderate Buy" and a consensus target price of $32.91.

Insider Buying and Selling

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $29.30, for a total value of $135,131.60. Following the completion of the transaction, the chief accounting officer directly owned 13,518 shares in the company, valued at approximately $396,077.40. This trade represents a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.

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