Axa S.A. Purchases Shares of 25,777 Cousins Properties Incorporated (NYSE:CUZ)

Axa S.A. purchased a new position in shares of Cousins Properties Incorporated (NYSE:CUZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,777 shares of the real estate investment trust’s stock, valued at approximately $597,000.

Several other institutional investors also recently modified their holdings of the business. State of Alaska Department of Revenue lifted its holdings in Cousins Properties by 0.6% during the 1st quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock worth $2,128,000 after buying an additional 486 shares during the period. Retirement Systems of Alabama raised its position in shares of Cousins Properties by 0.3% during the first quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust’s stock worth $4,582,000 after acquiring an additional 498 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Cousins Properties by 2.2% in the second quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock worth $545,000 after acquiring an additional 501 shares during the period. Treasurer of the State of North Carolina increased its position in Cousins Properties by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 67,107 shares of the real estate investment trust’s stock valued at $1,634,000 after purchasing an additional 650 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in Cousins Properties by 5.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 769 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Insider Activity at Cousins Properties

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the business’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 transaction of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares of the company’s stock, valued at approximately $352,440.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by insiders.

Cousins Properties Stock Down 0.5 %

Shares of NYSE:CUZ opened at $29.33 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. Cousins Properties Incorporated has a 52-week low of $17.40 and a 52-week high of $30.50. The business’s 50 day simple moving average is $27.92 and its two-hundred day simple moving average is $24.85. The firm has a market cap of $4.46 billion, a P/E ratio of 59.85, a PEG ratio of 4.90 and a beta of 1.31.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the previous year, the business posted $2.75 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts forecast that Cousins Properties Incorporated will post 2.67 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, October 3rd. Cousins Properties’s payout ratio is presently 261.22%.

Analyst Ratings Changes

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

Cousins Properties 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.