State of New Jersey Common Pension Fund D Grows Holdings in Cousins Properties Incorporated (NYSE:CUZ)

State of New Jersey Common Pension Fund D grew its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,583 shares of the real estate investment trust’s stock after purchasing an additional 17,681 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Cousins Properties were worth $4,665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CUZ. Vanguard Group Inc. raised its position in shares of Cousins Properties by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 22,680,320 shares of the real estate investment trust’s stock worth $461,998,000 after acquiring an additional 670,381 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Cousins Properties by 2.7% in the third quarter. Schroder Investment Management Group now owns 2,667,512 shares of the real estate investment trust’s stock valued at $54,337,000 after buying an additional 71,124 shares in the last quarter. Aew Capital Management L P grew its position in shares of Cousins Properties by 34.6% in the 3rd quarter. Aew Capital Management L P now owns 2,190,650 shares of the real estate investment trust’s stock worth $44,624,000 after acquiring an additional 563,270 shares in the last quarter. PGGM Investments lifted its holdings in shares of Cousins Properties by 2.6% in the 3rd quarter. PGGM Investments now owns 2,046,403 shares of the real estate investment trust’s stock worth $41,685,000 after purchasing an additional 50,956 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Cousins Properties by 53.2% during the 4th quarter. Jennison Associates LLC now owns 1,092,361 shares of the real estate investment trust’s stock valued at $26,599,000 after acquiring an additional 379,134 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Down 0.8 %

Cousins Properties stock traded down $0.18 during midday trading on Friday, reaching $22.86. The company’s stock had a trading volume of 2,938,154 shares, compared to its average volume of 1,609,519. The stock’s 50-day simple moving average is $23.06 and its 200-day simple moving average is $22.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $3.48 billion, a P/E ratio of 42.07, a PEG ratio of 6.24 and a beta of 1.27. Cousins Properties Incorporated has a 52-week low of $17.40 and a 52-week high of $25.19.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.53). The company had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $198.47 million. Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. On average, sell-side analysts expect that Cousins Properties Incorporated will post 2.61 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is 232.73%.

Analysts Set New Price Targets

CUZ has been the subject of a number of research reports. Barclays reduced their price objective on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. Truist Financial cut 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 research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.67.

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.