48,700 Shares in Cousins Properties Incorporated $CUZ Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 48,700 shares of the real estate investment trust’s stock, valued at approximately $1,099,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CUZ. Sanctuary Advisors LLC lifted its position in shares of Cousins Properties by 1.6% during the 4th quarter. Sanctuary Advisors LLC now owns 30,730 shares of the real estate investment trust’s stock worth $792,000 after buying an additional 483 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Cousins Properties by 25.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,634 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 526 shares in the last quarter. DoubleLine ETF Adviser LP lifted its position in Cousins Properties by 5.3% in the third quarter. DoubleLine ETF Adviser LP now owns 10,461 shares of the real estate investment trust’s stock valued at $303,000 after acquiring an additional 531 shares during the last quarter. Polymer Capital Management US LLC lifted its position 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 valued at $402,000 after acquiring an additional 634 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Cousins Properties by 128.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 692 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Price Performance

Shares of CUZ opened at $31.07 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average is $27.48 and its two-hundred day moving average is $25.39. Cousins Properties Incorporated has a twelve month low of $21.03 and a twelve month high of $31.13. The firm has a market capitalization of $5.11 billion, a PE ratio of -1,035.19, a P/E/G ratio of 2.29 and a beta of 1.19.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $263.11 million for the quarter, compared to analysts’ expectations of $256.77 million. During the same period last year, the company posted $0.74 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Research analysts anticipate that Cousins Properties Incorporated will post 2.95 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Monday, July 6th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a yield of 4.1%. Cousins Properties’s dividend payout ratio (DPR) is -4,266.67%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CUZ. Evercore reaffirmed an “outperform” rating on shares of Cousins Properties in a report on Monday, June 8th. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. BMO Capital Markets decreased their target price on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, March 12th. Capital One Financial set a $27.00 price target on Cousins Properties in a research note on Thursday, March 12th. Finally, Wall Street Zen raised Cousins Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.27.

Cousins Properties Company Profile

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.