JPMorgan Chase & Co. Reduces Stock Position in Cousins Properties Incorporated $CUZ

JPMorgan Chase & Co. cut its stake in Cousins Properties Incorporated (NYSE:CUZ) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,237,113 shares of the real estate investment trust’s stock after selling 110,551 shares during the quarter. JPMorgan Chase & Co. owned about 1.33% of Cousins Properties worth $64,742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Resolution Capital Ltd boosted its stake in Cousins Properties by 0.6% in the 2nd quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock worth $177,754,000 after purchasing an additional 33,097 shares during the period. Jennison Associates LLC lifted its holdings in shares of Cousins Properties by 51.5% in the second quarter. Jennison Associates LLC now owns 3,535,111 shares of the real estate investment trust’s stock worth $106,159,000 after buying an additional 1,200,952 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Cousins Properties by 7.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,484,297 shares of the real estate investment trust’s stock valued at $100,836,000 after acquiring an additional 252,590 shares during the period. Geode Capital Management LLC grew its stake in Cousins Properties by 0.4% during the second quarter. Geode Capital Management LLC now owns 3,308,911 shares of the real estate investment trust’s stock valued at $99,380,000 after acquiring an additional 12,039 shares in the last quarter. Finally, Hudson Bay Capital Management LP grew its stake in Cousins Properties by 40.7% during the second quarter. Hudson Bay Capital Management LP now owns 2,759,950 shares of the real estate investment trust’s stock valued at $82,881,000 after acquiring an additional 797,822 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CUZ has been the subject of several analyst reports. Mizuho set a $27.00 price target on shares of Cousins Properties in a report on Tuesday. Wall Street Zen lowered Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Truist Financial reduced their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cousins Properties in a report on Wednesday, January 21st. Finally, Cantor Fitzgerald set a $28.00 price target on Cousins Properties in a research report on Monday, December 1st. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Cousins Properties Stock Down 1.3%

Shares of NYSE:CUZ opened at $23.05 on Wednesday. The firm has a market capitalization of $3.87 billion, a PE ratio of 96.05, a price-to-earnings-growth ratio of 1.85 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. Cousins Properties Incorporated has a 52-week low of $21.03 and a 52-week high of $30.81. The firm has a fifty day moving average of $25.31 and a 200 day moving average of $26.46.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.The business had revenue of $255.03 million for the quarter, compared to the consensus estimate of $252.18 million. During the same quarter last year, the business posted $0.69 earnings per share. The company’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, research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS 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 given a $0.32 dividend. The ex-dividend date was Monday, January 5th. This represents a $1.28 dividend on an annualized basis and a yield of 5.6%. Cousins Properties’s payout ratio is presently 533.33%.

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

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.