Principal Financial Group Inc. Has $332.31 Million Stock Holdings in Cousins Properties Incorporated $CUZ

Principal Financial Group Inc. increased its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,890,208 shares of the real estate investment trust's stock after buying an additional 419,911 shares during the quarter. Principal Financial Group Inc. owned 7.67% of Cousins Properties worth $332,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc lifted its holdings in shares of Cousins Properties by 2,539.5% during the third quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 965 shares during the period. Farther Finance Advisors LLC increased its holdings in Cousins Properties by 128.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 692 shares during the period. Danske Bank A S bought a new position in Cousins Properties during the 3rd quarter worth $52,000. EverSource Wealth Advisors LLC raised its position in Cousins Properties by 55.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 753 shares during the last quarter. Finally, Quadrant Capital Group LLC acquired a new position in Cousins Properties during the 3rd quarter worth about $80,000. Institutional investors own 94.38% of the company's stock.

Analysts Set New Price Targets

CUZ has been the topic of a number of analyst reports. Robert W. Baird set a $33.00 price target on Cousins Properties in a research report on Wednesday, February 25th. Truist Financial lowered their price target on shares of Cousins Properties from $28.00 to $24.00 and set a "hold" rating for the company in a report on Tuesday, March 17th. Weiss Ratings raised shares of Cousins Properties from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday. Evercore reiterated an "outperform" rating and set a $28.00 price objective on shares of Cousins Properties in a research report on Thursday, April 30th. Finally, Barclays lowered their target price on shares of Cousins Properties from $34.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.36.

Cousins Properties Price Performance

CUZ stock opened at $26.08 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21. The company's 50-day moving average is $23.30 and its 200-day moving average is $24.75. The stock has a market capitalization of $4.29 billion, a PE ratio of -868.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.21. Cousins Properties Incorporated has a 1 year low of $21.03 and a 1 year high of $30.81.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.21). Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm had revenue of $263.11 million for the quarter, compared to analyst estimates of $256.77 million. During the same period last year, the company posted $0.74 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Equities research analysts expect that Cousins Properties Incorporated will post 2.93 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, April 7th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, April 7th. Cousins Properties's dividend payout ratio (DPR) is -4,266.67%.

Cousins Properties announced that its Board of Directors has approved a share repurchase program on Tuesday, February 17th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

About Cousins Properties

Cousins Properties Incorporated NYSE: CUZ is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.

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