Public Employees Retirement System of Ohio Decreases Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Public Employees Retirement System of Ohio lessened its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 0.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 274,814 shares of the real estate investment trust’s stock after selling 976 shares during the period. Public Employees Retirement System of Ohio’s holdings in Cousins Properties were worth $8,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CUZ. Assenagon Asset Management S.A. increased its holdings in shares of Cousins Properties by 0.9% in the second quarter. Assenagon Asset Management S.A. now owns 103,300 shares of the real estate investment trust’s stock valued at $2,391,000 after purchasing an additional 935 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Cousins Properties by 130.8% during the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 858 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Cousins Properties by 12.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 59,010 shares of the real estate investment trust’s stock worth $1,366,000 after acquiring an additional 6,696 shares during the period. Lecap Asset Management Ltd. acquired a new position in shares of Cousins Properties during the 2nd quarter valued at about $805,000. Finally, 1620 Investment Advisors Inc. grew its holdings in shares of Cousins Properties by 10.9% in the second quarter. 1620 Investment Advisors Inc. now owns 13,141 shares of the real estate investment trust’s stock valued at $304,000 after purchasing an additional 1,292 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Trading Up 0.4 %

NYSE CUZ opened at $30.32 on Friday. The stock has a market capitalization of $4.61 billion, a P/E ratio of 91.88, a P/E/G ratio of 4.09 and a beta of 1.29. The firm has a 50-day moving average price of $30.87 and a 200 day moving average price of $27.62. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The company had revenue of $209.21 million for the quarter, compared to analysts’ expectations of $212.54 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Cousins Properties’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts expect that Cousins Properties Incorporated will post 2.68 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.22%. The ex-dividend date was Thursday, October 3rd. Cousins Properties’s dividend payout ratio (DPR) is 387.88%.

Wall Street Analyst Weigh In

CUZ has been the topic of a number of analyst reports. Truist Financial lifted their target price on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company raised their price target on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Barclays increased their price objective on shares of Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Cousins Properties has an average rating of “Moderate Buy” and an average target price of $31.71.

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.