Thrivent Financial for Lutherans Sells 42,276 Shares of Cousins Properties Incorporated $CUZ

Thrivent Financial for Lutherans lessened its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,574 shares of the real estate investment trust’s stock after selling 42,276 shares during the period. Thrivent Financial for Lutherans’ holdings in Cousins Properties were worth $3,804,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. CORDA Investment Management LLC. raised its stake in Cousins Properties by 0.4% in the 4th quarter. CORDA Investment Management LLC. now owns 1,002,576 shares of the real estate investment trust’s stock worth $25,846,000 after purchasing an additional 4,043 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Cousins Properties by 66.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 42,305 shares of the real estate investment trust’s stock valued at $1,091,000 after buying an additional 16,874 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Cousins Properties by 5.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 132,085 shares of the real estate investment trust’s stock valued at $3,424,000 after buying an additional 6,708 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Cousins Properties by 14.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,980 shares of the real estate investment trust’s stock valued at $1,056,000 after buying an additional 5,195 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Cousins Properties by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock valued at $332,310,000 after buying an additional 419,911 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird set a $33.00 price target on shares of Cousins Properties in a research report on Wednesday, February 25th. BMO Capital Markets dropped their target price on shares of Cousins Properties from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, March 12th. Evercore restated an “outperform” rating and issued a $28.00 target price on shares of Cousins Properties in a research report on Thursday, April 30th. Barclays dropped their target price on shares of Cousins Properties from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Finally, Capital One Financial set a $27.00 target price on shares of Cousins Properties in a research report on Thursday, March 12th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cousins Properties has an average rating of “Moderate Buy” and an average target price of $28.36.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $26.52 on Friday. The firm has a 50 day moving average of $24.08 and a 200-day moving average of $24.76. The stock has a market capitalization of $4.36 billion, a PE ratio of -883.54, a PEG ratio of 1.96 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 Incorporated has a 12 month low of $21.03 and a 12 month high of $30.81.

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

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, April 7th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.28 annualized dividend and a dividend yield of 4.8%. Cousins Properties’s payout ratio is -4,266.67%.

Cousins Properties announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 17th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 6.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Cousins Properties 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.