State of Alaska Department of Revenue Has $2.94 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

State of Alaska Department of Revenue grew its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,000 shares of the real estate investment trust’s stock after purchasing an additional 6,058 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Cousins Properties worth $2,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning boosted its stake in Cousins Properties by 7.9% during the 2nd quarter. Creative Planning now owns 21,528 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 1,575 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Cousins Properties during the 2nd quarter worth $530,000. CWM LLC lifted its holdings in Cousins Properties by 74.6% during the third quarter. CWM LLC now owns 4,298 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 1,836 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Cousins Properties by 13.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,470 shares of the real estate investment trust’s stock valued at $839,000 after acquiring an additional 3,298 shares during the period. Finally, Capital Investment Advisors LLC increased its holdings in shares of Cousins Properties by 4.4% in the third quarter. Capital Investment Advisors LLC now owns 327,276 shares of the real estate investment trust’s stock worth $9,648,000 after acquiring an additional 13,679 shares in the last quarter. 94.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CUZ has been the subject of several research analyst reports. KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a research report on Tuesday, December 17th. Barclays reduced their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Truist Financial increased their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Robert W. Baird boosted their price target on Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Cousins Properties Price Performance

NYSE:CUZ opened at $31.22 on Monday. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55. The company has a market cap of $4.94 billion, a P/E ratio of 104.07, a P/E/G ratio of 3.95 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50-day simple moving average is $30.34 and its 200 day simple moving average is $29.71.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.03% and a net margin of 5.36%. As a group, sell-side analysts forecast that Cousins Properties Incorporated will post 2.73 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s dividend payout ratio is currently 426.67%.

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.