Cousins Properties Incorporated (NYSE:CUZ) Stock Holdings Lifted by Arizona State Retirement System

Arizona State Retirement System lifted its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 8.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 48,086 shares of the real estate investment trust’s stock after buying an additional 3,932 shares during the quarter. Arizona State Retirement System’s holdings in Cousins Properties were worth $1,419,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management purchased a new position in Cousins Properties during the first quarter valued at approximately $25,000. GF Fund Management CO. LTD. bought a new position in Cousins Properties during the fourth quarter worth $85,000. FIL Ltd increased its position in Cousins Properties by 24.6% during the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 643 shares during the period. CIBC Private Wealth Group LLC increased its position in Cousins Properties by 473.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 3,551 shares during the period. Finally, Quarry LP increased its position in Cousins Properties by 9.4% during the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 375 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CUZ shares. Truist Financial lowered shares of Cousins Properties from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Wednesday, July 2nd. Mizuho upped their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Wolfe Research upgraded shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Monday, April 7th. Evercore ISI upped their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company reduced their price target on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Cousins Properties Stock Up 0.2%

Shares of NYSE:CUZ opened at $28.22 on Friday. The stock has a fifty day simple moving average of $29.04 and a two-hundred day simple moving average of $29.02. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 85.52, a PEG ratio of 2.63 and a beta of 1.33. Cousins Properties Incorporated has a 12-month low of $24.02 and a 12-month high of $32.55. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The business’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. On average, research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 annualized dividend and a dividend yield of 4.54%. Cousins Properties’s dividend payout ratio is presently 387.88%.

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.