Retirement Systems of Alabama Purchases 584 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Retirement Systems of Alabama grew its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,091 shares of the real estate investment trust’s stock after purchasing an additional 584 shares during the quarter. Retirement Systems of Alabama’s holdings in Cousins Properties were worth $4,629,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Arizona State Retirement System grew its stake in shares of Cousins Properties by 1.4% during the third quarter. Arizona State Retirement System now owns 43,192 shares of the real estate investment trust’s stock valued at $880,000 after buying an additional 584 shares during the last quarter. abrdn plc increased its stake in Cousins Properties by 2.5% in the 3rd quarter. abrdn plc now owns 30,857 shares of the real estate investment trust’s stock worth $629,000 after purchasing an additional 743 shares during the period. Truist Financial Corp lifted its position in Cousins Properties by 5.3% in the fourth quarter. Truist Financial Corp now owns 15,558 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 781 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Cousins Properties by 0.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 234,362 shares of the real estate investment trust’s stock valued at $5,798,000 after purchasing an additional 788 shares during the period. Finally, Koshinski Asset Management Inc. grew its holdings in shares of Cousins Properties by 3.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 28,026 shares of the real estate investment trust’s stock worth $682,000 after purchasing an additional 832 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Trading Up 1.7 %

Cousins Properties stock opened at $23.85 on Tuesday. Cousins Properties Incorporated has a 12 month low of $17.40 and a 12 month high of $25.19. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 48.67, a price-to-earnings-growth ratio of 5.06 and a beta of 1.27. The business’s fifty day simple moving average is $23.07 and its two-hundred day simple moving average is $22.38. 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 (NYSE:CUZ) last announced its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The firm had revenue of $209.20 million during the quarter, compared to the consensus estimate of $199.35 million. During the same quarter in the previous year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts predict that Cousins Properties Incorporated will post 2.63 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cousins Properties’s payout ratio is 261.22%.

Analyst Ratings Changes

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

Insider Activity at Cousins Properties

In other Cousins Properties news, CFO Gregg D. Adzema sold 71,097 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the sale, the chief financial officer now directly owns 85,872 shares in the company, valued at approximately $2,001,676.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by insiders.

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.