Cousins Properties Incorporated (NYSE:CUZ) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,583 shares of the real estate investment trust’s stock after buying an additional 17,681 shares during the period. State of New Jersey Common Pension Fund D owned about 0.13% of Cousins Properties worth $4,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CUZ. Vanguard Group Inc. raised its position in shares of Cousins Properties by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 22,680,320 shares of the real estate investment trust’s stock worth $461,998,000 after buying an additional 670,381 shares during the period. Aew Capital Management L P raised its holdings in shares of Cousins Properties by 34.6% during the third quarter. Aew Capital Management L P now owns 2,190,650 shares of the real estate investment trust’s stock valued at $44,624,000 after buying an additional 563,270 shares during the last quarter. Jennison Associates LLC raised its holdings in Cousins Properties by 53.2% during the fourth quarter. Jennison Associates LLC now owns 1,092,361 shares of the real estate investment trust’s stock worth $26,599,000 after purchasing an additional 379,134 shares in the last quarter. LSV Asset Management grew its position in Cousins Properties by 306.4% in the third quarter. LSV Asset Management now owns 382,749 shares of the real estate investment trust’s stock worth $7,797,000 after buying an additional 288,563 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Cousins Properties in the third quarter worth approximately $5,396,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CUZ. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Truist Financial reduced their target price on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. Finally, Barclays cut their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Two equities 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.67.

Cousins Properties Stock Performance

Cousins Properties stock traded down $0.18 during mid-day trading on Friday, reaching $22.86. 2,938,154 shares of the company traded hands, compared to its average volume of 1,609,519. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 6.24 and a beta of 1.27. Cousins Properties Incorporated has a fifty-two week low of $17.40 and a fifty-two week high of $25.19. The firm’s fifty day moving average is $23.06 and its two-hundred day moving average is $22.13.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.53). The company had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $198.47 million. Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. On average, equities research analysts expect that Cousins Properties Incorporated will post 2.61 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.60%. Cousins Properties’s dividend payout ratio (DPR) is currently 232.73%.

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.