Sei Investments Co. Has $6.07 Million Stock Position in Cousins Properties Incorporated $CUZ

Key Points

• Sei Investments reduced its Cousins Properties stake by 31.9% in the first quarter, selling 125,999 shares and retaining 268,747 shares worth approximately $6.07 million. Institutional investors collectively own 94.38% of CUZ.
• Analysts maintain a generally positive view, with six Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $30.91. Several firms recently raised their targets to between $33 and $34.
• Cousins Properties reported quarterly revenue of $268.53 million, up 11.8% year over year but missed EPS expectations by $0.58. The REIT also declared a quarterly dividend of $0.32, equivalent to a 4.1% annualized yield.

Sei Investments Co. lessened its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 31.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 268,747 shares of the real estate investment trust's stock after selling 125,999 shares during the quarter. Sei Investments Co. owned 0.16% of Cousins Properties worth $6,066,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Cousins Properties by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust's stock worth $332,310,000 after acquiring an additional 419,911 shares during the period. Resolution Capital Ltd increased its holdings in Cousins Properties by 0.6% during the 2nd quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust's stock worth $177,754,000 after purchasing an additional 33,097 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in Cousins Properties by 3.2% during the 4th quarter. Centersquare Investment Management LLC now owns 5,847,176 shares of the real estate investment trust's stock worth $150,740,000 after purchasing an additional 179,036 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Cousins Properties by 308.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust's stock valued at $133,422,000 after purchasing an additional 3,909,740 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Cousins Properties by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,448,764 shares of the real estate investment trust's stock valued at $88,924,000 after purchasing an additional 47,633 shares during the period. Institutional investors own 94.38% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CUZ shares. Weiss Ratings raised Cousins Properties from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, June 25th. Evercore reissued an "outperform" rating and issued a $34.00 target price on shares of Cousins Properties in a research report on Monday, July 6th. Truist Financial boosted their target price on Cousins Properties from $24.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, June 26th. Barclays upped their price target on Cousins Properties from $28.00 to $34.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Finally, Mizuho raised their price target on shares of Cousins Properties from $27.00 to $33.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.91.

Cousins Properties Stock Down 0.4%

CUZ stock opened at $31.42 on Tuesday. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 785.60, a P/E/G ratio of 2.31 and a beta of 1.18. Cousins Properties Incorporated has a twelve month low of $21.03 and a twelve month high of $32.95. The business has a 50 day moving average price of $29.71 and a two-hundred day moving average price of $26.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data 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 company had revenue of $268.53 million during the quarter, compared to analyst estimates of $263.55 million. Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Analysts anticipate that Cousins Properties Incorporated will post 2.96 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, July 6th. Cousins Properties's dividend payout ratio (DPR) is 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.

Want to see what other hedge funds are holding CUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cousins Properties Incorporated (NYSE:CUZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source