Jennison Associates LLC Purchases 54,878 Shares of Cousins Properties Incorporated $CUZ

Jennison Associates LLC boosted its position in Cousins Properties Incorporated (NYSE:CUZ) by 2.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,720,874 shares of the real estate investment trust’s stock after buying an additional 54,878 shares during the quarter. Jennison Associates LLC’s holdings in Cousins Properties were worth $61,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Algebris UK Ltd. purchased a new stake in Cousins Properties in the 4th quarter worth about $12,208,000. Intech Investment Management LLC lifted its holdings in Cousins Properties by 222.9% during the fourth quarter. Intech Investment Management LLC now owns 251,847 shares of the real estate investment trust’s stock valued at $6,493,000 after purchasing an additional 173,840 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in Cousins Properties by 1,582.5% during the third quarter. Tudor Investment Corp ET AL now owns 463,057 shares of the real estate investment trust’s stock valued at $13,401,000 after purchasing an additional 435,535 shares during the last quarter. Norges Bank bought a new position in Cousins Properties during the fourth quarter worth about $53,063,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Cousins Properties during the first quarter worth about $1,773,000. 94.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CUZ shares. Evercore reiterated an “outperform” rating and issued a $34.00 target price on shares of Cousins Properties in a research note on Monday, July 6th. Wells Fargo & Company upped their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Wall Street Zen raised shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Finally, Truist Financial boosted their target price on shares of Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.82.

Cousins Properties Trading Up 0.0%

Shares of CUZ opened at $31.77 on Monday. Cousins Properties Incorporated has a twelve month low of $21.03 and a twelve month high of $32.35. The stock has a market cap of $5.23 billion, a PE ratio of -1,058.48, a P/E/G ratio of 2.33 and a beta of 1.19. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83. The business’s 50-day moving average price is $28.51 and its 200-day moving average price is $25.78.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.21). Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm had revenue of $263.11 million during the quarter, compared to analysts’ expectations of $256.77 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. On average, equities analysts forecast that Cousins Properties Incorporated will post 2.95 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. Cousins Properties’s dividend payout ratio is presently -4,266.67%.

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.