120,970 Shares in Cousins Properties Incorporated $CUZ Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Cousins Properties Incorporated (NYSE:CUZ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 120,970 shares of the real estate investment trust’s stock, valued at approximately $3,501,000.

Other large investors also recently modified their holdings of the company. SJS Investment Consulting Inc. purchased a new position in Cousins Properties in the third quarter valued at approximately $48,000. EverSource Wealth Advisors LLC raised its stake in shares of Cousins Properties by 55.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 753 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Cousins Properties by 2,095.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 2,242 shares during the last quarter. CWM LLC lifted its position in shares of Cousins Properties by 29.0% during the 3rd quarter. CWM LLC now owns 3,129 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 703 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in Cousins Properties in the 2nd quarter worth about $171,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analysts Set New Price Targets

CUZ has been the topic of a number of recent research reports. Cantor Fitzgerald set a $28.00 price target on shares of Cousins Properties in a research note on Monday, December 1st. JPMorgan Chase & Co. dropped their price objective on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Wells Fargo & Company decreased their price target on Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Jefferies Financial Group lowered shares of Cousins Properties from a “buy” rating to a “hold” rating and cut their price objective for the company from $34.00 to $27.00 in a research report on Monday, October 13th. Finally, Truist Financial reduced their price objective on shares of Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, December 1st. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Cousins Properties presently has an average rating of “Moderate Buy” and an average target price of $30.50.

Cousins Properties Stock Performance

Shares of CUZ opened at $25.60 on Tuesday. Cousins Properties Incorporated has a 12-month low of $24.07 and a 12-month high of $31.36. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70. The company has a market cap of $4.30 billion, a PE ratio of 73.13, a price-to-earnings-growth ratio of 2.01 and a beta of 1.22. The stock has a 50-day moving average price of $25.69 and a 200-day moving average price of $26.97.

Cousins Properties (NYSE:CUZ) last announced its 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. Cousins Properties had a net margin of 5.98% and a return on equity of 1.20%. The business had revenue of $248.33 million during the quarter, compared to analyst estimates of $239.70 million. During the same period in the previous year, the business posted $0.67 earnings per share. Cousins Properties’s revenue for the quarter was up 18.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. As a group, equities analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal 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 paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, January 5th. Cousins Properties’s dividend payout ratio is currently 365.71%.

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.