Cousins Properties Incorporated (NYSE:CUZ) Shares Bought by Arizona State Retirement System

Arizona State Retirement System raised its position in Cousins Properties Incorporated (NYSE:CUZ – Get Rating) by 5.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 42,731 shares of the real estate investment trust’s stock after buying an additional 2,305 shares during the quarter. Arizona State Retirement System’s holdings in Cousins Properties were worth $1,081,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in Cousins Properties in the 1st quarter valued at $39,000. Covestor Ltd increased its stake in Cousins Properties by 89.2% in the 1st quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 495 shares during the period. Ellevest Inc. increased its stake in Cousins Properties by 8,100.0% in the 3rd quarter. Ellevest Inc. now owns 1,148 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,134 shares during the period. Brown Brothers Harriman & Co. increased its stake in Cousins Properties by 160.9% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,234 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 761 shares during the period. Finally, Red Tortoise LLC acquired a new position in Cousins Properties in the 4th quarter valued at $32,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cousins Properties

In related news, EVP John S. Mccoll sold 36,975 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $24.93, for a total value of $921,786.75. Following the completion of the transaction, the executive vice president now owns 30,814 shares of the company’s stock, valued at approximately $768,193.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Cousins Properties Trading Down 2.1 %

Shares of CUZ stock opened at $19.97 on Friday. The firm has a 50-day moving average price of $21.04 and a 200 day moving average price of $23.86. Cousins Properties Incorporated has a twelve month low of $18.06 and a twelve month high of $34.98. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.40 and a beta of 1.12. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Wednesday, April 5th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.41%. The ex-dividend date was Tuesday, April 4th. Cousins Properties’s payout ratio is 119.63%.

Wall Street Analyst Weigh In

Several brokerages have commented on CUZ. BMO Capital Markets decreased their target price on shares of Cousins Properties from $28.00 to $24.00 in a research report on Monday, March 20th. Wells Fargo & Company decreased their target price on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, March 16th. Barclays decreased their target price on shares of Cousins Properties from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Friday, March 24th. Robert W. Baird boosted their price objective on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 14th. Finally, StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.00.

About Cousins Properties

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Cousins Properties, Inc engages in the development, acquisition, leasing and management of real estate assets. It invests in urban office towers located in Sunbelt markets. The company was founded by Thomas G. Cousins in 1958 and is headquartered in Atlanta, GA.