Teacher Retirement System of Texas Has $1.40 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Teacher Retirement System of Texas lessened its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 44.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,522 shares of the real estate investment trust's stock after selling 35,963 shares during the period. Teacher Retirement System of Texas' holdings in Cousins Properties were worth $1,395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in shares of Cousins Properties by 11.1% during the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock worth $413,375,000 after purchasing an additional 1,350,352 shares in the last quarter. State Street Corp grew its stake in Cousins Properties by 0.6% during the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust's stock worth $224,251,000 after buying an additional 48,668 shares in the last quarter. Geode Capital Management LLC grew its stake in Cousins Properties by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust's stock worth $84,457,000 after buying an additional 36,727 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Cousins Properties by 7.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock valued at $82,047,000 after buying an additional 189,411 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Cousins Properties by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust's stock valued at $51,580,000 after buying an additional 309,571 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts recently issued reports on CUZ shares. KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price objective on the stock in a research note on Tuesday, December 17th. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Truist Financial boosted their price target on Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. BMO Capital Markets lowered Cousins Properties from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Finally, Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Cousins Properties presently has an average rating of "Moderate Buy" and a consensus price target of $32.89.

Cousins Properties Trading Down 0.0 %

CUZ traded down $0.01 during trading on Wednesday, reaching $29.40. 110,068 shares of the company's stock were exchanged, compared to its average volume of 1,238,270. The firm has a fifty day moving average price of $29.89 and a two-hundred day moving average price of $30.25. The stock has a market capitalization of $4.94 billion, a PE ratio of 97.97, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. 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 (NYSE:CUZ - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share 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%. As a group, equities research analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.35%. The ex-dividend date is Thursday, April 3rd. Cousins Properties's 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.