Northern Trust Corp Has $55.43 Million Stock Holdings in Cousins Properties Incorporated $CUZ

Key Points

• Northern Trust Corp increased its holdings in Cousins Properties (NYSE:CUZ) by 1.9%, now owning approximately 1.12% of the company, valued at about $55.43 million.
• Cousins Properties has reported earnings of $0.70 per share for the last quarter, matching analyst expectations, but revenue was slightly below estimates at $237.72 million.
• The company recently declared a $0.32 quarterly dividend, representing an annualized yield of 4.5%, although its payout ratio is quite high at 345.95%.

Northern Trust Corp lifted its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,879,133 shares of the real estate investment trust's stock after purchasing an additional 35,578 shares during the period. Northern Trust Corp owned approximately 1.12% of Cousins Properties worth $55,434,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CUZ. Spire Wealth Management acquired a new stake in shares of Cousins Properties during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Cousins Properties in the 1st quarter valued at approximately $36,000. Manchester Capital Management LLC raised its position 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 valued at $80,000 after acquiring an additional 2,313 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of Cousins Properties in the 4th quarter valued at approximately $85,000. Finally, Signaturefd LLC raised its position in shares of Cousins Properties by 16.5% in the 1st quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust's stock valued at $100,000 after acquiring an additional 477 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Stock Up 1.0%

CUZ stock traded up $0.29 during mid-day trading on Friday, reaching $29.48. The company had a trading volume of 1,372,305 shares, compared to its average volume of 1,558,051. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a 50 day simple moving average of $28.40 and a two-hundred day simple moving average of $28.51. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 79.69, a PEG ratio of 2.65 and a beta of 1.33. Cousins Properties Incorporated has a 52 week low of $24.07 and a 52 week high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results 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. The firm 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 business's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, equities analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, July 7th. Cousins Properties's dividend payout ratio (DPR) is presently 345.95%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CUZ shares. Evercore ISI increased their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Wall Street Zen upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Truist Financial cut their price target on shares of Cousins Properties from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday. Mizuho boosted 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. Finally, Wells Fargo & Company decreased 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. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

About Cousins Properties

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.