California Public Employees Retirement System Has $7.48 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

California Public Employees Retirement System lowered its position in Cousins Properties Incorporated (NYSE:CUZ) by 6.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 307,113 shares of the real estate investment trust’s stock after selling 21,687 shares during the period. California Public Employees Retirement System’s holdings in Cousins Properties were worth $7,478,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. PARK CIRCLE Co acquired a new position in Cousins Properties in the third quarter valued at about $31,000. Cetera Trust Company N.A acquired a new position in Cousins Properties in the fourth quarter valued at about $156,000. Van Lanschot Kempen Investment Management N.V. acquired a new position in Cousins Properties in the third quarter valued at about $173,000. Spirit of America Management Corp NY grew its stake in Cousins Properties by 750.0% in the fourth quarter. Spirit of America Management Corp NY now owns 8,500 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 7,500 shares during the period. Finally, United Services Automobile Association grew its stake in Cousins Properties by 23.9% in the third quarter. United Services Automobile Association now owns 13,158 shares of the real estate investment trust’s stock valued at $268,000 after acquiring an additional 2,536 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Insider Transactions at Cousins Properties

In other news, CFO Gregg D. Adzema sold 71,097 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the transaction, the chief financial officer now directly owns 85,872 shares in the company, valued at approximately $2,001,676.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CUZ shares. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Truist Financial decreased their target price on Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. Finally, Barclays cut their price target on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.67.

Cousins Properties Stock Down 0.6 %

Shares of CUZ stock opened at $23.44 on Friday. The firm’s fifty day moving average price is $23.04 and its two-hundred day moving average price is $22.30. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57. Cousins Properties Incorporated has a 1 year low of $17.40 and a 1 year high of $25.19. The firm has a market capitalization of $3.56 billion, a P/E ratio of 47.84, a PEG ratio of 4.95 and a beta of 1.27.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.54). Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The business had revenue of $209.20 million for the quarter, compared to the consensus estimate of $199.35 million. During the same period last year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Cousins Properties Incorporated will post 2.63 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 5.46%. Cousins Properties’s dividend payout ratio is presently 261.22%.

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.