Principal Financial Group Inc. Trims Holdings in Cousins Properties Incorporated $CUZ

Principal Financial Group Inc. trimmed its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,681,990 shares of the real estate investment trust’s stock after selling 208,218 shares during the quarter. Principal Financial Group Inc. owned 0.08% of Cousins Properties worth $286,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Algebris UK Ltd. purchased a new position in Cousins Properties in the 4th quarter worth about $12,208,000. Intech Investment Management LLC boosted its position in Cousins Properties by 222.9% in the 4th quarter. Intech Investment Management LLC now owns 251,847 shares of the real estate investment trust’s stock valued at $6,493,000 after buying an additional 173,840 shares during the period. Tudor Investment Corp ET AL grew its stake in Cousins Properties by 1,582.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 463,057 shares of the real estate investment trust’s stock worth $13,401,000 after acquiring an additional 435,535 shares in the last quarter. Norges Bank bought a new position in Cousins Properties in the 4th quarter worth about $53,063,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Cousins Properties during the first quarter worth approximately $1,773,000. 94.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CUZ. Wall Street Zen raised shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a research note on Sunday. Wells Fargo & Company raised their price objective on Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research 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. Evercore reaffirmed an “outperform” rating and set a $34.00 target price on shares of Cousins Properties in a research report on Monday, July 6th. Finally, Truist Financial upped their target price on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Cousins Properties has an average rating of “Moderate Buy” and a consensus target price of $29.82.

Cousins Properties Trading Up 1.9%

NYSE:CUZ opened at $31.09 on Wednesday. The company has a market capitalization of $5.12 billion, a P/E ratio of -1,035.89, a PEG ratio of 2.24 and a beta of 1.19. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83. Cousins Properties Incorporated has a 12 month low of $21.03 and a 12 month high of $31.23. The firm has a fifty day simple moving average of $28.21 and a 200-day simple moving average of $25.65.

Cousins Properties (NYSE:CUZ) last released 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). The firm had revenue of $263.11 million during the quarter, compared to analyst estimates of $256.77 million. Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. Cousins Properties’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. On average, equities research analysts anticipate that Cousins Properties Incorporated will post 2.95 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Monday, July 6th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, July 6th. Cousins Properties’s payout ratio is presently -4,266.67%.

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.