Massachusetts Financial Services Co. MA Boosts Stock Position in Cousins Properties Incorporated $CUZ

Massachusetts Financial Services Co. MA raised its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,484,297 shares of the real estate investment trust’s stock after purchasing an additional 252,590 shares during the period. Massachusetts Financial Services Co. MA owned about 2.07% of Cousins Properties worth $100,836,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CUZ. Voya Investment Management LLC lifted its position in shares of Cousins Properties by 6.7% in the 1st quarter. Voya Investment Management LLC now owns 20,848 shares of the real estate investment trust’s stock worth $615,000 after purchasing an additional 1,301 shares during the period. Parallel Advisors LLC raised its stake in Cousins Properties by 14.3% in the second quarter. Parallel Advisors LLC now owns 3,932 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 493 shares in the last quarter. UMB Bank n.a. raised its stake in Cousins Properties by 74.8% in the second quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 1,002 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Cousins Properties by 49.3% during the second quarter. Ballentine Partners LLC now owns 17,044 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 5,629 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Cousins Properties by 1.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 293,438 shares of the real estate investment trust’s stock valued at $8,812,000 after acquiring an additional 3,820 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Down 2.7%

NYSE:CUZ opened at $26.26 on Wednesday. The company has a market cap of $4.41 billion, a PE ratio of 75.02, a P/E/G ratio of 2.07 and a beta of 1.22. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70. Cousins Properties Incorporated has a twelve month low of $24.07 and a twelve month high of $31.36. The company’s 50 day moving average is $25.66 and its two-hundred day moving average is $27.05.

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

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, January 5th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.9%. Cousins Properties’s payout ratio is 365.71%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CUZ. Cantor Fitzgerald set a $28.00 price target on Cousins Properties in a research report on Monday, December 1st. Truist Financial reduced their target price on shares of Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a report on Monday, December 1st. Mizuho set a $29.00 price target on shares of Cousins Properties and gave the company an “outperform” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cousins Properties in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Cousins Properties presently has an average rating of “Moderate Buy” and an average target price of $30.50.

About Cousins Properties

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.