Arizona State Retirement System Purchases 366 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Arizona State Retirement System grew its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,154 shares of the real estate investment trust’s stock after buying an additional 366 shares during the period. Arizona State Retirement System’s holdings in Cousins Properties were worth $1,353,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CUZ. Jones Financial Companies Lllp increased its position in Cousins Properties by 1,609.3% during the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 869 shares during the period. UMB Bank n.a. increased its position in shares of Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 395 shares during the period. Larson Financial Group LLC increased its position in shares of Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 438 shares during the period. Quarry LP increased its position in shares of Cousins Properties by 74.5% in the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 1,697 shares during the period. Finally, BankPlus Trust Department bought a new position in shares of Cousins Properties in the fourth quarter worth $142,000. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $28.87 on Thursday. The business’s 50-day moving average price is $30.07 and its 200-day moving average price is $30.15. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 96.23, a PEG ratio of 2.98 and a beta of 1.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities research analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s payout ratio is 426.67%.

Analysts Set New Price Targets

CUZ has been the topic of a number of recent analyst reports. Robert W. Baird decreased their price target on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. StockNews.com lowered Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Barclays reduced their price objective on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

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.