New York State Common Retirement Fund Sells 38,461 Shares of Cousins Properties Incorporated (NYSE:CUZ)

New York State Common Retirement Fund reduced its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412,913 shares of the real estate investment trust's stock after selling 38,461 shares during the period. New York State Common Retirement Fund owned 0.27% of Cousins Properties worth $10,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jennison Associates LLC increased its stake in shares of Cousins Properties by 53.2% during the fourth quarter. Jennison Associates LLC now owns 1,092,361 shares of the real estate investment trust's stock valued at $26,599,000 after purchasing an additional 379,134 shares in the last quarter. Keeler Thomas Management LLC raised its position in shares of Cousins Properties by 7.7% during the 4th quarter. Keeler Thomas Management LLC now owns 97,064 shares of the real estate investment trust's stock valued at $2,408,000 after purchasing an additional 6,931 shares during the period. Cetera Trust Company N.A bought a new stake in shares of Cousins Properties during the 4th quarter valued at $156,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Cousins Properties by 9.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,172 shares of the real estate investment trust's stock valued at $613,000 after purchasing an additional 2,181 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Cousins Properties by 5.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 179,037 shares of the real estate investment trust's stock valued at $4,360,000 after acquiring an additional 8,738 shares during the last quarter. Institutional investors own 94.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays dropped their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, March 27th. Truist Financial lowered their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a "buy" rating for the company in a research report on Tuesday, January 16th. Finally, StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $23.67.

Cousins Properties Stock Up 2.9 %

NYSE CUZ traded up $0.67 on Thursday, hitting $23.59. 1,270,274 shares of the stock were exchanged, compared to its average volume of 1,598,203. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. Cousins Properties Incorporated has a fifty-two week low of $17.40 and a fifty-two week high of $25.19. The company has a market cap of $3.59 billion, a PE ratio of 47.82, a PEG ratio of 4.95 and a beta of 1.27. The company has a 50-day moving average price of $23.02 and a 200-day moving average price of $22.26.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.54). The company had revenue of $209.20 million for the quarter, compared to analysts' expectations of $199.35 million. Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Sell-side analysts anticipate that Cousins Properties Incorporated will post 2.63 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.43%. Cousins Properties's dividend payout ratio (DPR) is presently 261.22%.

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.