Public Employees Retirement System of Ohio Makes New $7.08 Million Investment in Cousins Properties Incorporated $CUZ

Key Points

• Public Employees Retirement System of Ohio acquired 236,286 shares of Cousins Properties, valued at approximately $7.08 million, giving it a 0.14% stake. Institutional investors collectively own 94.38% of the REIT.
• Analysts maintain a generally positive outlook, with seven Buy ratings and three Holds; the stock has a “Moderate Buy” consensus and an average price target of $31.09 versus its recent price of $28.58.
• Cousins Properties reported quarterly revenue of $268.53 million, up 11.8% year over year, but earnings per share of $0.16 fell well short of the $0.74 consensus estimate. The company pays a quarterly dividend of $0.32, equating to a 4.5% annualized yield.

Public Employees Retirement System of Ohio bought a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 236,286 shares of the real estate investment trust's stock, valued at approximately $7,084,000. Public Employees Retirement System of Ohio owned about 0.14% of Cousins Properties as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in Cousins Properties by 128.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust's stock worth $32,000 after buying an additional 692 shares in the last quarter. Avalon Trust Co acquired a new stake in Cousins Properties in the 1st quarter valued at about $39,000. Arax Advisory Partners bought a new position in shares of Cousins Properties in the fourth quarter worth about $39,000. Clearstead Advisors LLC raised its stake in shares of Cousins Properties by 176.1% in the fourth quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 1,150 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its position in shares of Cousins Properties by 92.3% during the second quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 755 shares in the last quarter. 94.38% of the stock is owned by institutional investors.

Insider Transactions at Cousins Properties

In other Cousins Properties news, CAO Jeffrey D. Symes sold 6,033 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $29.44, for a total transaction of $177,611.52. Following the transaction, the chief accounting officer owned 16,685 shares in the company, valued at approximately $491,206.40. This trade represents a 26.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays raised their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Robert W. Baird upped their price objective on Cousins Properties from $33.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Truist Financial increased their price objective on Cousins Properties from $24.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, June 26th. Weiss Ratings raised Cousins Properties from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, June 25th. Finally, Evercore restated an "outperform" rating and set a $34.00 target price on shares of Cousins Properties in a research report on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $31.09.

Cousins Properties Trading Down 1.4%

Shares of NYSE CUZ opened at $28.58 on Wednesday. The company's 50 day simple moving average is $30.41 and its 200 day simple moving average is $26.79. Cousins Properties Incorporated has a fifty-two week low of $21.03 and a fifty-two week high of $32.95. The firm has a market capitalization of $4.70 billion, a P/E ratio of 714.68, a P/E/G ratio of 1.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.01 and a quick ratio of 1.01.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.58). The business had revenue of $268.53 million for the quarter, compared to the consensus estimate of $263.55 million. Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The business's revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. On average, analysts predict that Cousins Properties Incorporated will post 2.97 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.28 annualized dividend and a yield of 4.5%. Cousins Properties's dividend payout ratio is presently 3,200.00%.

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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