New York State Common Retirement Fund Raises Position in Cousins Properties Incorporated (NYSE:CUZ)

New York State Common Retirement Fund lifted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 389,150 shares of the real estate investment trust’s stock after buying an additional 9,783 shares during the period. New York State Common Retirement Fund’s holdings in Cousins Properties were worth $11,924,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. raised its position in Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 395 shares during the period. Larson Financial Group LLC grew its stake in shares of Cousins Properties by 49.7% during the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 438 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 651 shares during the period. Quarry LP lifted its stake in shares of Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 1,697 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Cousins Properties by 168.0% during the 3rd quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 2,543 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analysts Set New Price Targets

CUZ has been the topic of a number of recent analyst reports. StockNews.com lowered Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Truist Financial lifted their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Robert W. Baird dropped their target price on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cousins Properties has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Cousins Properties Price Performance

Shares of CUZ opened at $30.17 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The company has a 50 day moving average price of $30.26 and a 200-day moving average price of $29.97. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. The stock has a market capitalization of $5.06 billion, a PE ratio of 100.55, a PEG ratio of 2.98 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.24%. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

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.