Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 48.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,386 shares of the real estate investment trust’s stock after buying an additional 29,355 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.06% of Cousins Properties worth $2,739,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CUZ. Xponance Inc. increased its position in shares of Cousins Properties by 17.6% during the fourth quarter. Xponance Inc. now owns 21,456 shares of the real estate investment trust’s stock worth $657,000 after acquiring an additional 3,204 shares during the period. Boston Partners raised its position in Cousins Properties by 4.8% in the 4th quarter. Boston Partners now owns 738,070 shares of the real estate investment trust’s stock valued at $22,592,000 after purchasing an additional 33,602 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Cousins Properties in the 4th quarter valued at about $1,032,000. Cibc World Markets Corp grew its position in shares of Cousins Properties by 14.4% during the fourth quarter. Cibc World Markets Corp now owns 45,985 shares of the real estate investment trust’s stock worth $1,409,000 after buying an additional 5,778 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in shares of Cousins Properties during the fourth quarter worth approximately $201,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CUZ shares. BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Truist Financial raised their price target on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird lowered their price objective on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, Barclays dropped their price objective on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.89.

Cousins Properties Price Performance

Shares of NYSE CUZ opened at $30.37 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock has a market cap of $5.10 billion, a P/E ratio of 101.22, a P/E/G ratio of 2.98 and a beta of 1.28. The stock has a 50 day moving average of $29.97 and a two-hundred day moving average of $30.22. Cousins Properties Incorporated has a twelve month low of $21.58 and a twelve month high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. On average, research analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties’s dividend payout ratio is presently 426.67%.

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.