State of New Jersey Common Pension Fund D Sells 2,974 Shares of Cousins Properties Incorporated (NYSE:CUZ)

State of New Jersey Common Pension Fund D cut its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 128,417 shares of the real estate investment trust’s stock after selling 2,974 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.08% of Cousins Properties worth $3,935,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CUZ. UMB Bank n.a. boosted its position in shares of Cousins Properties by 67.4% in the fourth 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 boosted its holdings in Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 438 shares during the period. Pacer Advisors Inc. increased its stake in Cousins Properties by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust’s stock worth $695,000 after buying an additional 485 shares in the last quarter. Signaturefd LLC raised its holdings in Cousins Properties by 30.8% during the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 651 shares during the period. Finally, Yousif Capital Management LLC lifted its position in shares of Cousins Properties by 1.5% in the fourth quarter. Yousif Capital Management LLC now owns 56,824 shares of the real estate investment trust’s stock valued at $1,741,000 after acquiring an additional 829 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CUZ has been the subject of several research analyst reports. Truist Financial increased their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird boosted their target price on shares of Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group raised shares of Cousins Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. Wells Fargo & Company boosted their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.11.

Cousins Properties Stock Down 0.1 %

Shares of NYSE 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. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. The firm’s 50-day moving average price is $30.28 and its 200-day moving average price is $29.88. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 101.08, a P/E/G ratio of 3.85 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts anticipate that Cousins Properties Incorporated will post 2.74 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is 426.67%.

About Cousins Properties

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.