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

Arizona State Retirement System lessened its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,427 shares of the real estate investment trust’s stock after selling 765 shares during the quarter. Arizona State Retirement System’s holdings in Cousins Properties were worth $1,033,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CUZ. HighTower Advisors LLC raised its position in Cousins Properties by 24.3% in the first quarter. HighTower Advisors LLC now owns 8,349 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 1,633 shares during the period. PNC Financial Services Group Inc. raised its position in Cousins Properties by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 14,922 shares of the real estate investment trust’s stock valued at $600,000 after purchasing an additional 306 shares during the period. AlphaCrest Capital Management LLC purchased a new stake in Cousins Properties in the first quarter valued at approximately $287,000. Natixis Advisors L.P. raised its position in Cousins Properties by 13.1% in the first quarter. Natixis Advisors L.P. now owns 16,971 shares of the real estate investment trust’s stock valued at $684,000 after purchasing an additional 1,969 shares during the period. Finally, Bank of Montreal Can raised its position in Cousins Properties by 115.7% in the first quarter. Bank of Montreal Can now owns 66,926 shares of the real estate investment trust’s stock valued at $2,752,000 after purchasing an additional 35,897 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analyst Ratings Changes

CUZ has been the topic of a number of research analyst reports. Truist Financial cut their target price on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. JPMorgan Chase & Co. upgraded Cousins Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $26.00 to $27.00 in a research note on Monday, December 18th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Barclays reduced their price objective on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.29.

Cousins Properties Stock Down 1.9 %

Shares of NYSE CUZ opened at $22.07 on Tuesday. The stock has a market cap of $3.36 billion, a P/E ratio of 40.12, a PEG ratio of 6.07 and a beta of 1.27. The business’s fifty day simple moving average is $23.12 and its 200-day simple moving average is $22.00. 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 12-month low of $17.40 and a 12-month high of $25.19.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.53). The business had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $198.47 million. Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.66 EPS. As a group, equities analysts predict that Cousins Properties Incorporated will post 2.61 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.80%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 232.73%.

Cousins Properties Company 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.