Cousins Properties Incorporated $CUZ Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lessened its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,320,222 shares of the real estate investment trust’s stock after selling 60,108 shares during the quarter. Schroder Investment Management Group owned 0.79% of Cousins Properties worth $37,309,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Cousins Properties by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 205,925 shares of the real estate investment trust’s stock valued at $6,184,000 after buying an additional 9,083 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Cousins Properties by 12.7% in the 2nd quarter. Bank of Montreal Can now owns 115,336 shares of the real estate investment trust’s stock valued at $3,464,000 after acquiring an additional 13,025 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Cousins Properties by 30.8% in the 2nd quarter. Metis Global Partners LLC now owns 27,778 shares of the real estate investment trust’s stock valued at $834,000 after acquiring an additional 6,538 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Cousins Properties in the second quarter worth $338,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Cousins Properties by 2.6% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 120,577 shares of the real estate investment trust’s stock worth $3,621,000 after purchasing an additional 3,013 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Price Performance

NYSE:CUZ opened at $22.78 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. Cousins Properties Incorporated has a 52 week low of $21.03 and a 52 week high of $30.81. The stock’s 50-day moving average price is $24.83 and its 200-day moving average price is $26.14. The stock has a market capitalization of $3.83 billion, a PE ratio of 94.90, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.71. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.The company had revenue of $255.03 million for the quarter, compared to the consensus estimate of $252.18 million. During the same quarter in the prior year, the business posted $0.69 earnings per share. Cousins Properties’s revenue for the quarter was up 13.2% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. As a group, equities analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, January 5th were given a dividend of $0.32 per share. The ex-dividend date was Monday, January 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.6%. Cousins Properties’s dividend payout ratio (DPR) is 533.33%.

Cousins Properties declared that its board has authorized a share buyback program on Tuesday, February 17th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Robert W. Baird set a $33.00 price target on shares of Cousins Properties in a report on Wednesday, February 25th. Evercore restated an “outperform” rating on shares of Cousins Properties in a research note on Friday, February 6th. Truist Financial reduced their price target on Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, December 1st. Barclays lowered their price objective on Cousins Properties from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Weiss Ratings lowered shares of Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and an average price target of $29.70.

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.