Pensionfund PDN Invests $927,000 in Cousins Properties Incorporated $CUZ

Pensionfund PDN purchased a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,977 shares of the real estate investment trust’s stock, valued at approximately $927,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Resolution Capital Ltd lifted its holdings in Cousins Properties by 0.6% in the second 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. Centersquare Investment Management LLC raised its position in shares of Cousins Properties by 2.4% during the 3rd quarter. Centersquare Investment Management LLC now owns 5,668,140 shares of the real estate investment trust’s stock worth $164,036,000 after buying an additional 132,479 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Cousins Properties by 7.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,484,297 shares of the real estate investment trust’s stock worth $100,836,000 after buying an additional 252,590 shares in the last quarter. Hudson Bay Capital Management LP lifted its stake in shares of Cousins Properties by 20.1% in the 3rd quarter. Hudson Bay Capital Management LP now owns 3,315,646 shares of the real estate investment trust’s stock worth $95,955,000 after acquiring an additional 555,696 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Cousins Properties by 153.2% in the third quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock valued at $91,751,000 after acquiring an additional 1,918,393 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CUZ shares. Capital One Financial set a $27.00 price objective on shares of Cousins Properties in a research note on Thursday, March 12th. Truist Financial cut their target price on Cousins Properties from $28.00 to $24.00 and set a “hold” rating for the company in a research report on Tuesday, March 17th. Robert W. Baird set a $33.00 price target on Cousins Properties in a research report on Wednesday, February 25th. 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 research note on Tuesday, November 25th. Finally, Mizuho set a $27.00 price objective on Cousins Properties in a report on Tuesday, February 24th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cousins Properties has an average rating of “Moderate Buy” and a consensus price target of $28.92.

Cousins Properties Stock Up 2.1%

NYSE CUZ opened at $22.31 on Tuesday. Cousins Properties Incorporated has a 12 month low of $21.03 and a 12 month high of $30.81. The company has a market capitalization of $3.71 billion, a P/E ratio of 92.94, a PEG ratio of 1.73 and a beta of 1.21. The company’s 50 day simple moving average is $24.28 and its 200 day simple moving average is $25.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.93 and a quick ratio of 0.93.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.71. The firm had revenue of $255.03 million during the quarter, compared to analysts’ expectations of $252.18 million. Cousins Properties had a net margin of 4.08% and a return on equity of 0.85%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. Equities research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties announced that its Board of Directors has initiated a share repurchase program 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 programs are typically a sign that the company’s leadership believes its shares are undervalued.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, April 7th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $1.28 annualized dividend and a dividend yield of 5.7%. Cousins Properties’s dividend payout ratio (DPR) is currently 533.33%.

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.