Hudson Bay Capital Management LP Purchases 797,822 Shares of Cousins Properties Incorporated $CUZ

Hudson Bay Capital Management LP grew its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 40.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,759,950 shares of the real estate investment trust’s stock after purchasing an additional 797,822 shares during the quarter. Cousins Properties comprises about 0.3% of Hudson Bay Capital Management LP’s investment portfolio, making the stock its 18th largest position. Hudson Bay Capital Management LP owned 1.64% of Cousins Properties worth $82,881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Resolution Capital Ltd grew its holdings in Cousins Properties by 33.5% during the 1st quarter. Resolution Capital Ltd now owns 5,886,133 shares of the real estate investment trust’s stock worth $173,641,000 after acquiring an additional 1,477,044 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Cousins Properties by 51.5% during the second quarter. Jennison Associates LLC now owns 3,535,111 shares of the real estate investment trust’s stock worth $106,159,000 after purchasing an additional 1,200,952 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Cousins Properties by 0.4% during the second quarter. Geode Capital Management LLC now owns 3,308,911 shares of the real estate investment trust’s stock valued at $99,380,000 after purchasing an additional 12,039 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Cousins Properties by 44.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,347,664 shares of the real estate investment trust’s stock valued at $70,500,000 after buying an additional 719,810 shares during the last quarter. Finally, Northern Trust Corp boosted its position 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 buying an additional 35,578 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on CUZ shares. Mizuho set a $29.00 target price on shares of Cousins Properties and gave the company an “outperform” rating in a research note on Friday. Evercore ISI upped their price objective on Cousins Properties from $31.00 to $32.00 and gave the company an “in-line” rating in a report on Monday, September 15th. JPMorgan Chase & Co. cut their price target on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Wells Fargo & Company dropped their target price on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Finally, Wall Street Zen cut Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.91.

Cousins Properties Stock Down 0.2%

Shares of NYSE:CUZ opened at $25.11 on Friday. Cousins Properties Incorporated has a 1 year low of $24.07 and a 1 year high of $31.66. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50-day moving average is $25.93 and its 200-day moving average is $27.77. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 71.73, a P/E/G ratio of 1.98 and a beta of 1.21.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $248.33 million for the quarter, compared to analyst estimates of $239.70 million. Cousins Properties had a return on equity of 1.20% and a net margin of 5.98%.The company’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. Equities research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Friday, October 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 365.71%.

Cousins Properties 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.