New York State Teachers Retirement System Raises Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

New York State Teachers Retirement System grew its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 13.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,446 shares of the real estate investment trust's stock after purchasing an additional 19,744 shares during the period. New York State Teachers Retirement System owned about 0.10% of Cousins Properties worth $4,910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CUZ. Vanguard Group Inc. increased its stake in shares of Cousins Properties by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock valued at $759,936,000 after buying an additional 985,934 shares during the period. APG Asset Management US Inc. increased its stake 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 buying an additional 19,657 shares during the period. Centersquare Investment Management LLC increased its stake in shares of Cousins Properties by 11.7% during the fourth 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 buying an additional 585,659 shares during the period. Resolution Capital Ltd purchased a new position in shares of Cousins Properties during the fourth quarter valued at $135,094,000. Finally, Geode Capital Management LLC increased its stake in shares of Cousins Properties by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust's stock valued at $94,160,000 after buying an additional 208,044 shares during the period. Hedge funds and other institutional investors own 94.38% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Monday, April 7th. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Wells Fargo & Company cut their target price on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Truist Financial lowered Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research note on Wednesday, July 2nd. Finally, Jefferies Financial Group began coverage on Cousins Properties in a report on Monday, March 17th. They issued a "buy" rating and a $35.00 price target for the company. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.40.

Cousins Properties Stock Performance

Shares of Cousins Properties stock traded down $0.64 on Monday, reaching $29.08. 1,837,276 shares of the stock were exchanged, compared to its average volume of 1,344,127. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. Cousins Properties Incorporated has a twelve month low of $22.47 and a twelve month high of $32.55. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 88.12, a PEG ratio of 2.78 and a beta of 1.33. The business has a 50 day moving average price of $28.84 and a two-hundred day moving average price of $29.13.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The company had revenue of $6.81 million during the quarter, compared to the consensus estimate of $238.49 million. During the same period in the previous year, the company posted $0.65 earnings per share. Cousins Properties's revenue for the quarter was up 16.4% on a year-over-year basis. Analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, July 7th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.40%. Cousins Properties's dividend payout ratio (DPR) is 387.88%.

About Cousins Properties

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.