State of Michigan Retirement System Acquires 800 Shares of Cousins Properties Incorporated (NYSE:CUZ)

State of Michigan Retirement System grew its holdings in shares of Cousins Properties Incorporated (NYSE:CUZFree Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,244 shares of the real estate investment trust’s stock after acquiring an additional 800 shares during the period. State of Michigan Retirement System’s holdings in Cousins Properties were worth $895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Retirement Systems of Alabama boosted its holdings in Cousins Properties by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 190,091 shares of the real estate investment trust’s stock worth $4,629,000 after buying an additional 584 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Cousins Properties by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 67,107 shares of the real estate investment trust’s stock worth $1,634,000 after buying an additional 650 shares during the period. Truist Financial Corp boosted its holdings in Cousins Properties by 5.3% in the 4th quarter. Truist Financial Corp now owns 15,558 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 781 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Cousins Properties by 0.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 234,362 shares of the real estate investment trust’s stock worth $5,798,000 after buying an additional 788 shares during the period. Finally, Koshinski Asset Management Inc. boosted its holdings in Cousins Properties by 3.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 28,026 shares of the real estate investment trust’s stock worth $682,000 after buying an additional 832 shares during the period. Institutional investors own 94.38% of the company’s stock.

Insider Activity

In other news, CFO Gregg D. Adzema sold 71,097 shares of the stock in a transaction that occurred on 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 $2,001,676.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Cousins Properties Price Performance

Shares of CUZ stock opened at $22.40 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $3.41 billion, a P/E ratio of 45.71, a P/E/G ratio of 3.72 and a beta of 1.30. The company’s 50-day simple moving average is $23.15 and its two-hundred day simple moving average is $23.23. Cousins Properties Incorporated has a one year low of $17.40 and a one year high of $25.19.

Cousins Properties (NYSE:CUZGet Free Report) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). The company had revenue of $209.20 million during the quarter, compared to the consensus estimate of $199.35 million. Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. Cousins Properties’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. As a group, equities analysts anticipate that Cousins Properties Incorporated will post 2.64 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.71%. Cousins Properties’s dividend payout ratio is presently 261.22%.

Wall Street Analysts Forecast Growth

CUZ has been the subject of several recent analyst reports. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Barclays decreased their price target on shares of 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, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Cousins Properties has a consensus rating of “Hold” and a consensus price target of $23.67.

Check Out Our Latest Stock Analysis on Cousins Properties

Cousins Properties Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cousins Properties Incorporated (NYSE:CUZFree Report).

Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.