Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 48.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,386 shares of the real estate investment trust's stock after buying an additional 29,355 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.06% of Cousins Properties worth $2,739,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in Cousins Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock valued at $1,353,000 after acquiring an additional 366 shares during the period. UMB Bank n.a. lifted its holdings in Cousins Properties by 67.4% during the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after buying an additional 395 shares during the period. Larson Financial Group LLC boosted its position in Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 438 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of 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 valued at $695,000 after acquiring an additional 485 shares during the period. Finally, Assetmark Inc. raised its position in shares of Cousins Properties by 15.3% in the 4th quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock worth $184,000 after acquiring an additional 794 shares in the last quarter. Institutional investors own 94.38% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on CUZ. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Mizuho raised shares of Cousins Properties from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Barclays lowered their price target on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Jefferies Financial Group initiated coverage on Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 target price on the stock. Finally, Robert W. Baird dropped their price target 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, February 24th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Cousins Properties currently has a consensus rating of "Moderate Buy" and an average target price of $32.89.
Check Out Our Latest Research Report on Cousins Properties
Cousins Properties Stock Performance
CUZ stock traded down $0.13 during midday trading on Friday, reaching $29.51. The company had a trading volume of 1,282,270 shares, compared to its average volume of 1,236,999. The firm has a market capitalization of $4.96 billion, a PE ratio of 98.37, a P/E/G ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $29.95 and a 200 day moving average price of $30.23.
Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 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%. Analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.
Cousins Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties's payout ratio is 426.67%.
About Cousins Properties
(
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.
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