New York State Common Retirement Fund raised its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ – Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 389,150 shares of the real estate investment trust’s stock after acquiring an additional 9,783 shares during the quarter. New York State Common Retirement Fund owned approximately 0.25% of Cousins Properties worth $11,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. raised its holdings 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 increased its position in Cousins Properties by 49.7% in the third 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 in the last quarter. Pacer Advisors Inc. raised its stake in shares of Cousins Properties by 2.2% in the fourth 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 during the period. Signaturefd LLC lifted its position in shares of Cousins Properties by 30.8% during the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 651 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of Cousins Properties by 1.5% during the 4th 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 during the period. Institutional investors own 94.38% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on CUZ. Wells Fargo & Company lifted their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Robert W. Baird lowered 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. Barclays dropped their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and raised their price target for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group upgraded Cousins Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $33.00 to $36.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.
Cousins Properties Trading Up 0.2 %
Shares of CUZ stock opened at $30.17 on Tuesday. 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 stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 100.55, a price-to-earnings-growth ratio of 2.98 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’s 50-day moving average price is $30.26 and its 200-day moving average price is $29.97.
Cousins Properties (NYSE:CUZ – Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) 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 research analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.
Cousins Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s dividend payout ratio is presently 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.
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