Employees Retirement System of Texas Has $3.83 Million Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Employees Retirement System of Texas increased its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 155.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,000 shares of the real estate investment trust's stock after buying an additional 76,000 shares during the quarter. Employees Retirement System of Texas owned about 0.07% of Cousins Properties worth $3,830,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CUZ. Vanguard Group Inc. lifted its position in shares of Cousins Properties by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock valued at $759,936,000 after acquiring an additional 985,934 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Cousins Properties by 11.1% during the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock valued at $413,375,000 after purchasing an additional 1,350,352 shares during the last quarter. APG Asset Management US Inc. lifted its holdings in shares of Cousins Properties by 0.3% during the fourth quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust's stock valued at $240,625,000 after purchasing an additional 19,657 shares during the last quarter. Centersquare Investment Management LLC boosted its position in shares of Cousins Properties by 11.7% in the 4th quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust's stock valued at $171,612,000 after purchasing an additional 585,659 shares during the period. Finally, Resolution Capital Ltd purchased a new position in Cousins Properties in the 4th quarter worth about $135,094,000. Institutional investors own 94.38% of the company's stock.

Cousins Properties Stock Down 1.0%

CUZ traded down $0.28 during trading on Friday, reaching $28.07. 2,128,428 shares of the stock traded hands, compared to its average volume of 1,292,632. The stock's 50-day simple moving average is $27.60 and its two-hundred day simple moving average is $29.36. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. Cousins Properties Incorporated has a fifty-two week low of $22.16 and a fifty-two week high of $32.55. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 93.57, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The company had revenue of $6.81 million during the quarter, compared to the consensus estimate of $238.49 million. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. As a group, equities research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.56%. Cousins Properties's dividend payout ratio (DPR) is 387.88%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CUZ. Truist Financial dropped their target price on shares of Cousins Properties from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Evercore ISI lifted their price objective 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. Wells Fargo & Company reduced their target price on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Robert W. Baird decreased their target price 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, Jefferies Financial Group started coverage on Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $32.20.

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.