New York State Teachers Retirement System Buys 9,695 Shares of Cousins Properties Incorporated (NYSE:CUZ)

New York State Teachers Retirement System grew its stake in Cousins Properties Incorporated (NYSE:CUZ) by 5.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 174,459 shares of the real estate investment trust’s stock after purchasing an additional 9,695 shares during the quarter. New York State Teachers Retirement System’s holdings in Cousins Properties were worth $4,248,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Cousins Properties by 3.0% during the third quarter. Vanguard Group Inc. now owns 22,680,320 shares of the real estate investment trust’s stock worth $461,998,000 after purchasing an additional 670,381 shares during the period. BlackRock Inc. grew its holdings in Cousins Properties by 0.5% during the second quarter. BlackRock Inc. now owns 20,004,686 shares of the real estate investment trust’s stock worth $456,107,000 after purchasing an additional 98,087 shares during the period. State Street Corp grew its holdings in Cousins Properties by 0.9% during the first quarter. State Street Corp now owns 8,465,793 shares of the real estate investment trust’s stock worth $180,999,000 after purchasing an additional 73,517 shares during the period. Centersquare Investment Management LLC grew its holdings in Cousins Properties by 11.0% during the first quarter. Centersquare Investment Management LLC now owns 3,338,260 shares of the real estate investment trust’s stock worth $134,498,000 after purchasing an additional 330,967 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Cousins Properties by 2.7% during the third quarter. Schroder Investment Management Group now owns 2,667,512 shares of the real estate investment trust’s stock worth $54,337,000 after purchasing an additional 71,124 shares during the period. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Down 1.4 %

NYSE CUZ opened at $22.49 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. Cousins Properties Incorporated has a 1-year low of $17.40 and a 1-year high of $25.19. The company has a 50 day moving average of $23.12 and a 200-day moving average of $21.99. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 6.07 and a beta of 1.27.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.53). Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The business had revenue of $197.00 million during the quarter, compared to analyst estimates of $198.47 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts expect that Cousins Properties Incorporated will post 2.61 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, April 4th will be given a $0.32 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.69%. Cousins Properties’s payout ratio is 232.73%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CUZ shares. Barclays reduced their price target on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. JPMorgan Chase & Co. upgraded shares of Cousins Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $26.00 to $27.00 in a research report on Monday, December 18th. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Truist Financial cut their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cousins Properties has an average rating of “Hold” and a consensus price target of $23.29.

Cousins Properties Profile

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.