California State Teachers Retirement System Has $4.57 Million Stake in Cousins Properties Incorporated $CUZ

Key Points

• California State Teachers Retirement System increased its Cousins Properties stake by 27.8% in the first quarter, ending with 202,530 shares valued at approximately $4.57 million. Institutional investors collectively own 94.38% of CUZ.
• Analysts remain broadly positive, with six Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $30.91; several firms recently raised their targets to $33–$34.
• Cousins Properties reported quarterly revenue of $268.53 million, up 11.8% year over year and above estimates, but earnings per share of $0.16 missed expectations. The REIT also declared a quarterly dividend of $0.32 per share, implying a 4.3% annualized yield.

California State Teachers Retirement System boosted its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 202,530 shares of the real estate investment trust's stock after buying an additional 44,102 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Cousins Properties worth $4,571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CUZ. Farther Finance Advisors LLC grew its holdings in shares of Cousins Properties by 128.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 692 shares during the period. Avalon Trust Co acquired a new stake in Cousins Properties during the 1st quarter valued at $39,000. Arax Advisory Partners acquired a new position in Cousins Properties in the 4th quarter valued at $39,000. Clearstead Advisors LLC boosted its stake in shares of Cousins Properties by 176.1% in the fourth quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 1,150 shares during the period. Finally, SJS Investment Consulting Inc. bought a new stake in Cousins Properties during the first quarter worth about $50,000. 94.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CUZ shares. Wells Fargo & Company boosted their price objective on Cousins Properties from $28.00 to $34.00 and gave the stock an "overweight" rating in a research report on Monday, June 1st. Evercore restated an "outperform" rating and issued a $34.00 target price on shares of Cousins Properties in a report on Monday, July 6th. Mizuho lifted their target price on shares of Cousins Properties from $27.00 to $33.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 21st. Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Barclays increased their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Cousins Properties has a consensus rating of "Moderate Buy" and an average price target of $30.91.

Cousins Properties Stock Performance

NYSE:CUZ opened at $29.64 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.83. The stock has a market cap of $4.88 billion, a P/E ratio of 741.16, a price-to-earnings-growth ratio of 2.18 and a beta of 1.18. The firm's fifty day simple moving average is $29.99 and its 200 day simple moving average is $26.31. Cousins Properties Incorporated has a twelve month low of $21.03 and a twelve month high of $32.95.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.58). Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The company had revenue of $268.53 million during the quarter, compared to analysts' expectations of $263.55 million. During the same quarter in the previous year, the company earned $0.70 EPS. The business's quarterly revenue was up 11.8% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. As a group, research analysts predict that Cousins Properties Incorporated will post 2.96 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, July 6th. Cousins Properties's dividend payout ratio (DPR) is currently 3,200.00%.

About Cousins Properties

Cousins Properties Incorporated NYSE: CUZ is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.

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