Cullen Capital Management LLC Acquires Shares of 17,304 Cousins Properties Incorporated $CUZ

Cullen Capital Management LLC acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 17,304 shares of the real estate investment trust’s stock, valued at approximately $519,000.

Several other institutional investors have also recently made changes to their positions in CUZ. C M Bidwell & Associates Ltd. purchased a new stake in Cousins Properties in the second quarter valued at $83,000. Bank of New York Mellon Corp acquired a new position in shares of Cousins Properties in the 2nd quarter valued at about $41,743,000. Elevation Wealth Partners LLC boosted its stake in shares of Cousins Properties by 92.3% in the second quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 755 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Cousins Properties by 25.6% in the second quarter. GAMMA Investing LLC now owns 3,175 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 648 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Cousins Properties by 63.5% during the first quarter. Bank of America Corp DE now owns 1,124,141 shares of the real estate investment trust’s stock worth $25,372,000 after acquiring an additional 436,396 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 6,033 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $29.44, for a total value of $177,611.52. Following the completion of the sale, the chief accounting officer directly owned 16,685 shares in the company, valued at $491,206.40. This represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on CUZ. Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Barclays lifted their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Wells Fargo & Company raised their target price on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Evercore restated an “outperform” rating and issued a $34.00 price objective on shares of Cousins Properties in a research report on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.09.

Cousins Properties Stock Up 0.7%

NYSE CUZ opened at $30.21 on Wednesday. The business has a fifty day moving average price of $30.32 and a 200 day moving average price of $26.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $4.97 billion, a P/E ratio of 755.49, a P/E/G ratio of 1.97 and a beta of 1.18. Cousins Properties Incorporated has a one year low of $21.03 and a one year high of $32.95.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.58). The business had revenue of $268.53 million for the quarter, compared to analysts’ expectations of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.Cousins Properties’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Research analysts anticipate that Cousins Properties Incorporated will post 2.97 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, July 6th. Cousins Properties’s dividend payout ratio (DPR) is 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.