UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 104,827 Shares of Cousins Properties Incorporated $CUZ

Key Points

• UBS AM increased its stake in Cousins Properties by 8.5%, acquiring an additional 104,827 shares, bringing its total ownership to 1,343,619 shares valued at approximately $39.6 million.
• Other institutional investors such as Vanguard Group and Resolution Capital also enhanced their holdings in Cousins Properties in the first quarter, reflecting a strong interest in the real estate investment trust.
• The company reported earnings of $0.70 per share, matching analyst expectations, with revenues increasing by 12.7% year-over-year despite a slight miss compared to estimates.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,343,619 shares of the real estate investment trust's stock after acquiring an additional 104,827 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.80% of Cousins Properties worth $39,637,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Cousins Properties by 3.8% during the first quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust's stock worth $759,735,000 after acquiring an additional 951,637 shares during the last quarter. Resolution Capital Ltd boosted its holdings in Cousins Properties by 33.5% in the 1st quarter. Resolution Capital Ltd now owns 5,886,133 shares of the real estate investment trust's stock valued at $173,641,000 after purchasing an additional 1,477,044 shares during the last quarter. Jennison Associates LLC boosted its holdings in Cousins Properties by 6.0% in the 1st quarter. Jennison Associates LLC now owns 2,334,159 shares of the real estate investment trust's stock valued at $68,858,000 after purchasing an additional 132,653 shares during the last quarter. Northern Trust Corp boosted its holdings in Cousins Properties by 1.9% in the 1st quarter. Northern Trust Corp now owns 1,879,133 shares of the real estate investment trust's stock valued at $55,434,000 after purchasing an additional 35,578 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in 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. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Trading Down 1.5%

Shares of Cousins Properties stock traded down $0.45 during mid-day trading on Friday, hitting $28.83. 3,094,476 shares of the stock were exchanged, compared to its average volume of 1,537,822. Cousins Properties Incorporated has a twelve month low of $24.07 and a twelve month high of $32.55. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 77.92, a price-to-earnings-growth ratio of 2.65 and a beta of 1.39. The company has a 50-day simple moving average of $28.25 and a 200 day simple moving average of $28.42. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72.

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. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business had revenue of $237.72 million for the quarter, compared to analysts' expectations of $243.73 million. During the same period last year, the company earned $0.68 earnings per share. The company's quarterly revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Research analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.32 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.4%. Cousins Properties's dividend payout ratio (DPR) is 345.95%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CUZ. Wall Street Zen downgraded shares of Cousins Properties from a "hold" rating to a "sell" rating in a research note on Saturday, September 6th. Evercore ISI upped their target price on shares of Cousins Properties from $31.00 to $32.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Mizuho increased their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Truist Financial decreased their price target on shares of Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, August 26th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.50.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.30, for a total transaction of $135,131.60. Following the completion of the transaction, the chief accounting officer owned 13,518 shares in the company, valued at approximately $396,077.40. This trade represents a 25.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company's stock.

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.