Strs Ohio Sells 92,574 Shares of Cousins Properties Incorporated $CUZ

Strs Ohio reduced its stake in Cousins Properties Incorporated (NYSE:CUZ) by 15.1%, selling 92,574 shares during Q2, now holding 519,524 shares valued at $15.6 million. Other investors also adjusted their positions. Insider trading included CAO Jeffrey D. Symes selling 4,612 shares. Analysts have mixed ratings on CUZ, with price targets ranging from $27 to $32.18. The stock opened at $25.99, with a 52-week range of $24.07 to $32.55, and reported Q3 earnings of $0.69 EPS, meeting expectations.

Strs Ohio cut its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 15.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 519,524 shares of the real estate investment trust's stock after selling 92,574 shares during the period. Strs Ohio owned about 0.31% of Cousins Properties worth $15,601,000 at the end of the most recent quarter.

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A number of other large investors have also bought and sold shares of the business. N.E.W. Advisory Services LLC bought a new stake in shares of Cousins Properties during the first quarter worth $36,000. UMB Bank n.a. grew its holdings in Cousins Properties by 74.8% during the 2nd quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 1,002 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Cousins Properties by 2,095.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 2,242 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Cousins Properties by 579.7% during the 1st quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust's stock worth $80,000 after acquiring an additional 2,313 shares during the last quarter. Finally, GF Fund Management CO. LTD. grew its holdings in Cousins Properties by 14.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 3,175 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 410 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Jeffrey D. Symes sold 4,612 shares of Cousins Properties stock in a transaction that occurred 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 transaction, the chief accounting officer owned 13,518 shares of the company's stock, valued at $396,077.40. This trade represents a 25.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on CUZ shares. Mizuho increased their price target 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. Evercore ISI increased their price objective on Cousins Properties from $31.00 to $32.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. Truist Financial decreased their price objective on Cousins Properties from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, August 26th. Jefferies Financial Group lowered Cousins Properties from a "buy" rating to a "hold" rating and decreased their price objective for the company from $34.00 to $27.00 in a research report on Monday, October 13th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Cousins Properties in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $32.18.

Check Out Our Latest Research Report on Cousins Properties

Cousins Properties Price Performance

Shares of CUZ stock opened at $25.99 on Friday. Cousins Properties Incorporated has a 52-week low of $24.07 and a 52-week high of $32.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45. The stock has a market cap of $4.37 billion, a PE ratio of 70.25, a PEG ratio of 2.29 and a beta of 1.39. The firm's 50 day moving average price is $28.04 and its two-hundred day moving average price is $28.22.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The business had revenue of $246.46 million for the quarter, compared to analyst estimates of $239.70 million. During the same period last year, the company earned $0.67 EPS. The firm's revenue was up 18.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. As a group, analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd were issued a dividend of $0.32 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.9%. Cousins Properties's dividend payout ratio (DPR) is 345.95%.

Cousins Properties Profile

(Free Report)

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.

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