State of New Jersey Common Pension Fund D Reduces Position in Cousins Properties Incorporated (NYSE:CUZ)

State of New Jersey Common Pension Fund D trimmed its holdings in Cousins Properties Incorporated (NYSE:CUZFree Report) by 2.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 128,417 shares of the real estate investment trust’s stock after selling 2,974 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Cousins Properties were worth $3,935,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CUZ. UMB Bank n.a. grew 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 valued at $30,000 after acquiring an additional 395 shares during the last quarter. Larson Financial Group LLC boosted 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 purchasing an additional 438 shares during the period. Signaturefd LLC grew 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 purchasing an additional 651 shares during the last quarter. Quarry LP increased its stake in Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,697 shares during the period. Finally, Blue Trust Inc. lifted 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 buying an additional 2,543 shares in the last quarter. 94.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CUZ. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Robert W. Baird lifted their target price on Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Barclays dropped their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Jefferies Financial Group upgraded Cousins Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Get Our Latest Analysis on CUZ

Cousins Properties Trading Down 0.1 %

CUZ opened at $30.32 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 101.08, a PEG ratio of 3.85 and a beta of 1.29. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The stock has a fifty day moving average price of $30.28 and a 200-day moving average price of $29.88.

Cousins Properties (NYSE:CUZGet Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. As a group, equities research analysts anticipate that Cousins Properties Incorporated will post 2.74 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company 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 was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.22%. Cousins Properties’s dividend payout ratio (DPR) is 426.67%.

Cousins Properties Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cousins Properties Incorporated (NYSE:CUZFree Report).

Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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