New York State Teachers Retirement System Has $4.50 Million Position in Cousins Properties Incorporated (NYSE:CUZ)

New York State Teachers Retirement System lessened its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 146,702 shares of the real estate investment trust’s stock after selling 4,530 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Cousins Properties worth $4,495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its holdings in Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 395 shares during the period. Larson Financial Group LLC increased its stake in shares of Cousins Properties by 49.7% during the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 438 shares during the period. Signaturefd LLC lifted its holdings in Cousins Properties by 30.8% during the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 651 shares during the last quarter. Quarry LP boosted its stake in Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 1,697 shares during the period. Finally, Blue Trust Inc. boosted its stake in Cousins Properties by 168.0% in the 3rd quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 2,543 shares during the period. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Down 0.1 %

Shares of CUZ stock opened at $30.30 on Friday. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. The stock’s fifty day moving average price is $30.28 and its two-hundred day moving average price is $29.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $5.08 billion, a PE ratio of 101.00, a P/E/G ratio of 3.87 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.32 per share. The ex-dividend date was Friday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.22%. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CUZ. StockNews.com downgraded Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Wells Fargo & Company lifted their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Jefferies Financial Group upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $36.00 in a research report on Thursday, January 2nd. KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research report on Tuesday, December 17th. Finally, BMO Capital Markets downgraded Cousins Properties from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.11.

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.