10,479 Shares in Cousins Properties Incorporated $CUZ Acquired by United Services Automobile Association

United Services Automobile Association purchased a new position in shares of Cousins Properties Incorporated (NYSE:CUZ) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,479 shares of the real estate investment trust’s stock, valued at approximately $309,000.

Other institutional investors have also made changes to their positions in the company. Choreo LLC boosted its holdings in shares of Cousins Properties by 25.6% during the first quarter. Choreo LLC now owns 27,837 shares of the real estate investment trust’s stock worth $821,000 after purchasing an additional 5,681 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Cousins Properties by 13.5% during the first quarter. New York State Teachers Retirement System now owns 166,446 shares of the real estate investment trust’s stock worth $4,910,000 after purchasing an additional 19,744 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Cousins Properties by 16.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,421 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 1,297 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Cousins Properties by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust’s stock worth $40,853,000 after purchasing an additional 12,131 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Cousins Properties by 25.3% during the first quarter. KBC Group NV now owns 7,554 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 1,527 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Truist Financial reduced their target price on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, August 26th. Wells Fargo & Company reduced their target price on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Evercore ISI lifted their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the company an “in-line” rating in a research note on Monday, May 19th. Wall Street Zen cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, September 6th. Finally, Mizuho lifted their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.40.

Insider Buying and Selling

In related news, CAO Jeffrey D. Symes sold 4,612 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $29.30, for a total transaction of $135,131.60. Following the completion of the transaction, the chief accounting officer directly owned 13,518 shares in the company, valued at $396,077.40. This represents a 25.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by insiders.

Cousins Properties Price Performance

Shares of Cousins Properties stock opened at $29.43 on Friday. The firm has a fifty day simple moving average of $28.24 and a 200-day simple moving average of $28.45. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $32.55. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 79.53, a PEG ratio of 2.68 and a beta of 1.39.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business had revenue of $237.72 million during the quarter, compared to analysts’ expectations of $243.73 million. During the same period in the previous year, the company earned $0.68 earnings per share. Cousins Properties’s revenue for the quarter was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, sell-side analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, July 7th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, July 7th. Cousins Properties’s dividend payout ratio is presently 345.95%.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.