Quantbot Technologies LP Acquires New Position in Cousins Properties Incorporated $CUZ

Key Points

• Quantbot Technologies LP has acquired 9,056 shares of Cousins Properties Incorporated (NYSE:CUZ), valued at approximately $267,000, marking its initial investment in this real estate investment trust.
• Several institutional investors, including Wellington Management Group and American Century Companies, have significantly increased their stakes in Cousins Properties during the first quarter, demonstrating growing institutional interest.
• Cousins Properties has reported a quarterly earnings per share of $0.70 for the last quarter, aligning with analysts' expectations, while also announcing a dividend of $0.32 per share, reflecting a dividend yield of 4.4%.

Quantbot Technologies LP purchased a new stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 9,056 shares of the real estate investment trust's stock, valued at approximately $267,000.

Other hedge funds also recently made changes to their positions in the company. Choreo LLC boosted its holdings in shares of Cousins Properties by 25.6% in the 1st quarter. Choreo LLC now owns 27,837 shares of the real estate investment trust's stock valued at $821,000 after purchasing an additional 5,681 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Cousins Properties by 13.5% in the 1st quarter. New York State Teachers Retirement System now owns 166,446 shares of the real estate investment trust's stock valued at $4,910,000 after purchasing an additional 19,744 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Cousins Properties by 16.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,421 shares of the real estate investment trust's stock valued at $278,000 after purchasing an additional 1,297 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Cousins Properties by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust's stock valued at $40,853,000 after purchasing an additional 12,131 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Cousins Properties by 25.3% in the 1st quarter. KBC Group NV now owns 7,554 shares of the real estate investment trust's stock valued at $223,000 after acquiring an additional 1,527 shares during the period. Institutional investors and hedge funds own 94.38% of the company's stock.

Wall Street Analysts Forecast Growth

CUZ has been the topic of a number of research reports. Truist Financial cut their target price on shares of Cousins Properties from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, August 26th. Mizuho raised their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Wells Fargo & Company cut their target price on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Evercore ISI lifted their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Cousins Properties presently has an average rating of "Moderate Buy" and an average target price of $32.40.

Cousins Properties Stock Performance

Cousins Properties stock traded up $0.29 during midday trading on Monday, reaching $29.48. 1,372,305 shares of the stock traded hands, compared to its average volume of 1,500,419. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $28.40 and a two-hundred day moving average price of $28.49. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 79.69, a PEG ratio of 2.67 and a beta of 1.39. Cousins Properties Incorporated has a fifty-two week low of $24.07 and a fifty-two week high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.70. The firm had revenue of $237.72 million during the quarter, compared to analyst estimates of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. Cousins Properties's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, equities research analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, July 7th. Cousins Properties's payout ratio is presently 345.95%.

Cousins Properties Company 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.