Vanguard Group Inc. Sells 163,372 Shares of Cousins Properties Incorporated $CUZ

Key Points

• Vanguard trimmed its stake by 163,372 shares (down 0.7%) and still holds 24,962,763 shares — about 14.86% of Cousins Properties, valued at ~$643.54 million.
• Cousins' board authorized a $250 million share buyback (up to 6.6% of shares) and the company pays a quarterly dividend of $0.32 (annualized $1.28), a 5.0% yield.
• The REIT missed quarterly EPS (‑$0.15 vs. $0.06 estimate) despite 7.4% revenue growth, and analysts hold a consensus Moderate Buy rating with an average target of $28.36.

Vanguard Group Inc. reduced its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,962,763 shares of the real estate investment trust's stock after selling 163,372 shares during the quarter. Vanguard Group Inc. owned about 14.86% of Cousins Properties worth $643,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CUZ. Bell Investment Advisors Inc increased its stake in shares of Cousins Properties by 2,539.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 965 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Cousins Properties by 128.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 692 shares during the period. SJS Investment Consulting Inc. acquired a new position in Cousins Properties during the 3rd quarter worth approximately $48,000. Danske Bank A S acquired a new position in Cousins Properties during the 3rd quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC boosted its position in Cousins Properties by 55.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 753 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CUZ shares. Evercore reissued an "outperform" rating and issued a $28.00 price objective on shares of Cousins Properties in a report on Thursday. Robert W. Baird set a $33.00 price target on Cousins Properties in a research note on Wednesday, February 25th. Truist Financial lowered their price objective on Cousins Properties from $28.00 to $24.00 and set a "hold" rating on the stock in a research report on Tuesday, March 17th. Capital One Financial set a $27.00 target price on Cousins Properties in a report on Thursday, March 12th. Finally, BMO Capital Markets reduced their target price on Cousins Properties from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Thursday, March 12th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $28.36.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $25.70 on Monday. The business's 50-day moving average price is $23.26 and its 200-day moving average price is $24.75. Cousins Properties Incorporated has a 12 month low of $21.03 and a 12 month high of $30.81. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of -856.21, a PEG ratio of 2.03 and a beta of 1.21. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.21). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The firm had revenue of $263.11 million for the quarter, compared to analyst estimates of $256.77 million. During the same period in the previous year, the business posted $0.74 earnings per share. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Equities research analysts forecast that Cousins Properties Incorporated will post 2.93 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, April 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 5.0%. The ex-dividend date was Tuesday, April 7th. Cousins Properties's dividend payout ratio (DPR) is -4,266.67%.

Cousins Properties announced that its Board of Directors has authorized a share buyback program on Tuesday, February 17th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Cousins Properties Company Profile

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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