VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 137,485 Cousins Properties Incorporated $CUZ

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the 2nd quarter, Holdings Channel reports. The firm acquired 137,485 shares of the real estate investment trust’s stock, valued at approximately $4,122,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CUZ. Avalon Trust Co purchased a new stake in shares of Cousins Properties during the first quarter worth approximately $39,000. Arax Advisory Partners purchased a new position in Cousins Properties in the fourth quarter worth approximately $39,000. Clearstead Advisors LLC lifted its stake in Cousins Properties by 176.1% in the fourth quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,150 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in Cousins Properties by 92.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 755 shares in the last quarter. Finally, SJS Investment Consulting Inc. acquired a new position in Cousins Properties during the 1st quarter worth approximately $50,000. 94.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Truist Financial raised their price objective 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. Wells Fargo & Company increased their target price on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Robert W. Baird lifted their price target on Cousins Properties from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Cousins Properties has a consensus rating of “Moderate Buy” and a consensus target price of $31.18.

Insider Buying and Selling at Cousins Properties

In related news, CAO Jeffrey Symes sold 6,033 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $29.44, for a total value of $177,611.52. Following the completion of the sale, the chief accounting officer directly owned 16,685 shares of the company’s stock, valued at $491,206.40. This represents a 26.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.81% of the company’s stock.

Cousins Properties Trading Down 1.8%

Shares of Cousins Properties stock opened at $27.89 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $30.30 and a 200-day simple moving average of $27.03. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 697.50, a PEG ratio of 1.86 and a beta of 1.17. Cousins Properties Incorporated has a 12-month low of $21.03 and a 12-month high of $32.95.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.58). Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The company had revenue of $268.53 million for the quarter, compared to analyst estimates of $263.55 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. Cousins Properties’s revenue was up 11.8% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. On average, equities analysts forecast that Cousins Properties Incorporated will post 2.97 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, July 6th. Cousins Properties’s payout ratio is presently 3,200.00%.

Cousins Properties 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.