Royal Bank of Canada Grows Position in Cousins Properties Incorporated $CUZ

Royal Bank of Canada raised its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 211.8% during the first quarter, HoldingsChannel reports. The firm owned 98,028 shares of the real estate investment trust’s stock after purchasing an additional 66,585 shares during the period. Royal Bank of Canada’s holdings in Cousins Properties were worth $2,213,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CUZ. Sanctuary Advisors LLC boosted its stake in shares of 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 valued at $792,000 after purchasing an additional 483 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in 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 buying an additional 526 shares in the last quarter. Polymer Capital Management US LLC raised its stake in 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 buying an additional 634 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in 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 buying an additional 666 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Cousins Properties by 128.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 692 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Wall Street Analyst Weigh In

CUZ has been the topic of a number of analyst reports. Mizuho lifted their price target on Cousins Properties from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Robert W. Baird upped their price objective on Cousins Properties from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday. Truist Financial raised their price objective on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Wells Fargo & Company lifted their target price on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $31.09.

Cousins Properties Stock Performance

Shares of CUZ opened at $29.22 on Tuesday. Cousins Properties Incorporated has a 12 month low of $21.03 and a 12 month high of $32.95. The stock has a fifty day moving average price of $30.23 and a 200-day moving average price of $26.45. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.83. The firm has a market cap of $4.81 billion, a PE ratio of 730.68, a P/E/G ratio of 1.95 and a beta of 1.18.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.58). Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The business had revenue of $268.53 million for the quarter, compared to analysts’ expectations of $263.55 million. During the same quarter last year, the firm earned $0.70 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Equities research 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 declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.4%. Cousins Properties’s payout ratio is presently 3,200.00%.

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.