Federated Hermes Inc. Raises Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Federated Hermes Inc. lifted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,534 shares of the real estate investment trust’s stock after buying an additional 501 shares during the period. Federated Hermes Inc.’s holdings in Cousins Properties were worth $545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CUZ. Principal Securities Inc. purchased a new position in shares of Cousins Properties during the fourth quarter worth about $31,000. Blue Trust Inc. grew its stake in Cousins Properties by 130.8% during the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 858 shares during the last quarter. Versant Capital Management Inc increased its position in Cousins Properties by 3,236.7% during the second quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,586 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in Cousins Properties in the first quarter valued at approximately $43,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Cousins Properties by 46.4% in the second quarter. Acadian Asset Management LLC now owns 6,086 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 1,928 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CUZ has been the topic of a number of recent research reports. Evercore ISI lifted their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company increased their target price on shares of Cousins Properties from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Truist Financial upped their price objective on Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Barclays lifted their target price on Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Finally, Robert W. Baird upped their price target on Cousins Properties from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.29.

Insider Buying and Selling at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 5,997 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the sale, the chief accounting officer now owns 12,529 shares in the company, valued at approximately $352,440.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $29.83 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Cousins Properties Incorporated has a 12-month low of $17.40 and a 12-month high of $29.88. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 60.87, a price-to-earnings-growth ratio of 4.73 and a beta of 1.31. The stock has a 50 day simple moving average of $27.42 and a 200-day simple moving average of $24.63.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The business had revenue of $212.98 million during the quarter, compared to analyst estimates of $208.18 million. During the same period last year, the business posted $2.75 EPS. Cousins Properties’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that Cousins Properties Incorporated will post 2.67 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.28 annualized dividend and a yield of 4.29%. Cousins Properties’s payout ratio is currently 261.22%.

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.