New York State Teachers Retirement System decreased its position in shares of Cousins Properties Inc (NYSE:CUZ) by 75.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 133,938 shares of the real estate investment trust’s stock after selling 401,917 shares during the quarter. New York State Teachers Retirement System’s holdings in Cousins Properties were worth $4,845,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of CUZ. Two Sigma Advisers LP acquired a new position in Cousins Properties during the 4th quarter worth approximately $766,000. Bank of America Corp DE increased its position in Cousins Properties by 7.5% during the 4th quarter. Bank of America Corp DE now owns 1,461,108 shares of the real estate investment trust’s stock worth $11,543,000 after purchasing an additional 102,198 shares in the last quarter. Jane Street Group LLC acquired a new position in Cousins Properties during the 4th quarter worth approximately $403,000. Legal & General Group Plc increased its position in Cousins Properties by 0.5% during the 4th quarter. Legal & General Group Plc now owns 1,665,877 shares of the real estate investment trust’s stock worth $13,160,000 after purchasing an additional 9,090 shares in the last quarter. Finally, Millennium Management LLC increased its position in Cousins Properties by 92.9% during the 4th quarter. Millennium Management LLC now owns 1,062,072 shares of the real estate investment trust’s stock worth $8,390,000 after purchasing an additional 511,364 shares in the last quarter.
CUZ traded down $0.38 during trading on Friday, reaching $34.19. 1,058,563 shares of the company’s stock were exchanged, compared to its average volume of 1,725,289. Cousins Properties Inc has a one year low of $30.12 and a one year high of $40.40. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.70 billion, a PE ratio of 13.57, a PEG ratio of 3.02 and a beta of 0.91. The stock has a fifty day moving average price of $35.23.
Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Cousins Properties had a return on equity of 1.71% and a net margin of 10.61%. The business had revenue of $134.93 million for the quarter, compared to the consensus estimate of $150.56 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was up 18.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Cousins Properties Inc will post 2.88 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Wednesday, July 3rd were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.39%. This is a positive change from Cousins Properties’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, July 2nd. Cousins Properties’s payout ratio is presently 46.03%.
CUZ has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. ValuEngine cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday.
Cousins Properties Company Profile
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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