Public Employees Retirement System of Ohio Invests $7.08 Million in Cousins Properties Incorporated $CUZ

Public Employees Retirement System of Ohio purchased a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the 2nd quarter, Holdings Channel reports. The firm purchased 236,286 shares of the real estate investment trust’s stock, valued at approximately $7,084,000.

Other hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its holdings in Cousins Properties by 1.6% during the fourth quarter. Sanctuary Advisors LLC now owns 30,730 shares of the real estate investment trust’s stock worth $792,000 after acquiring an additional 483 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Cousins Properties by 25.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,634 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 526 shares in the last quarter. Polymer Capital Management US LLC increased its holdings in shares of Cousins Properties by 4.8% in the third quarter. Polymer Capital Management US LLC now owns 13,889 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 634 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Cousins Properties by 25.6% during the second quarter. GAMMA Investing LLC now owns 3,175 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 648 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Cousins Properties by 0.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 183,511 shares of the real estate investment trust’s stock worth $4,142,000 after purchasing an additional 666 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CUZ shares. Barclays boosted their price objective on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Robert W. Baird raised their target price on shares of Cousins Properties from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Weiss Ratings raised shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Truist Financial increased their price objective on shares of Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.09.

Insider Buying and Selling

In other news, CAO Jeffrey D. Symes sold 6,033 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $29.44, for a total value of $177,611.52. Following the completion of the sale, the chief accounting officer owned 16,685 shares of the company’s stock, valued at approximately $491,206.40. This represents a 26.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.81% of the stock is owned by company insiders.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $28.58 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 714.68, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. The stock’s 50-day moving average is $30.41 and its 200-day moving average is $26.79. Cousins Properties Incorporated has a one year low of $21.03 and a one year high of $32.95.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.58). The firm had revenue of $268.53 million during the quarter, compared to analyst estimates of $263.55 million. Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Equities analysts predict that Cousins Properties Incorporated will post 2.97 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a yield of 4.5%. Cousins Properties’s dividend payout ratio (DPR) is 3,200.00%.

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.