Landscape Capital Management L.L.C. Has $941,000 Stake in Cousins Properties Incorporated $CUZ

Key Points

• Landscape Capital Management L.L.C. increased its holdings in Cousins Properties Incorporated (CUZ) by 63.4%, purchasing an additional 12,379 shares, bringing the total to 31,904 shares valued at $941,000.
• Cousins Properties reported $0.70 earnings per share, matching expectations, with revenue of $237.72 million during the last quarter, reflecting a 12.7% year-over-year increase.
• The company announced a quarterly dividend of $0.32 per share, resulting in an annualized dividend yield of 4.3%, despite a high payout ratio of 345.95%.

Landscape Capital Management L.L.C. boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 63.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,904 shares of the real estate investment trust's stock after acquiring an additional 12,379 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Cousins Properties were worth $941,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in shares of Cousins Properties by 15.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,399 shares of the real estate investment trust's stock worth $349,000 after purchasing an additional 1,485 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Cousins Properties by 12.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 96,351 shares of the real estate investment trust's stock worth $2,953,000 after buying an additional 10,376 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Cousins Properties by 2.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 126,073 shares of the real estate investment trust's stock valued at $3,863,000 after buying an additional 2,995 shares during the period. Northern Trust Corp boosted its stake in shares of Cousins Properties by 47.6% during the 4th quarter. Northern Trust Corp now owns 1,843,555 shares of the real estate investment trust's stock valued at $56,487,000 after buying an additional 594,933 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Cousins Properties by 22.0% during the 4th quarter. AQR Capital Management LLC now owns 263,535 shares of the real estate investment trust's stock valued at $8,046,000 after acquiring an additional 47,462 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Stock Up 0.4%

NYSE CUZ traded up $0.11 during trading on Thursday, hitting $29.27. 395,005 shares of the company traded hands, compared to its average volume of 1,491,044. Cousins Properties Incorporated has a 12 month low of $24.07 and a 12 month high of $32.55. The business has a fifty day simple moving average of $28.34 and a 200 day simple moving average of $28.49. The company has a market capitalization of $4.92 billion, a P/E ratio of 79.12, a PEG ratio of 2.67 and a beta of 1.39. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72.

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, 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 quarter in the prior year, the company posted $0.68 EPS. The firm's revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, sell-side analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current 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 4.4%. The ex-dividend date was Monday, July 7th. Cousins Properties's dividend payout ratio (DPR) is 345.95%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho increased 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. Evercore ISI upped 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. Wells Fargo & Company cut their price target on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Truist Financial dropped their price objective on Cousins Properties from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, August 26th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.40.

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.