Swiss National Bank Purchases 25,600 Shares of Cousins Properties Incorporated $CUZ

Key Points

• The Swiss National Bank increased its stake in Cousins Properties Incorporated by 8.6%, owning approximately 324,833 shares valued at $9.58 million as of the latest SEC filing.
• Cousins Properties announced a quarterly dividend of $0.32 per share, reflecting an annualized yield of 4.7% and a significant payout ratio of 345.95%.
• The company's stock has seen fluctuations with a 1-year low of $24.07 and a high of $32.55, currently trading at around $27.36.

Swiss National Bank grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 324,833 shares of the real estate investment trust's stock after purchasing an additional 25,600 shares during the quarter. Swiss National Bank owned about 0.19% of Cousins Properties worth $9,583,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have weighed in on CUZ. Wells Fargo & Company lowered their price target on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Mizuho boosted their target price on Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Truist Financial lowered Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a report on Wednesday, July 2nd. Finally, Evercore ISI boosted their target price on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a report 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Cousins Properties Stock Performance

NYSE CUZ traded down $0.1050 on Thursday, reaching $27.6250. The stock had a trading volume of 649,530 shares, compared to its average volume of 1,702,645. 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 firm has a fifty day moving average of $28.59 and a two-hundred day moving average of $28.59. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $32.55. The company has a market cap of $4.64 billion, a P/E ratio of 74.66, a price-to-earnings-growth ratio of 1.82 and a beta of 1.33.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. The company 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%.Cousins Properties's quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, July 7th. Cousins Properties's dividend payout ratio (DPR) is 345.95%.

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.