Public Employees Retirement Association of Colorado Has $345,000 Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Public Employees Retirement Association of Colorado lessened its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 9.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 14,911 shares of the real estate investment trust’s stock after selling 1,516 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Cousins Properties were worth $345,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CUZ. Vanguard Group Inc. increased its position in shares of Cousins Properties by 2.0% during the first quarter. Vanguard Group Inc. now owns 23,353,228 shares of the real estate investment trust’s stock worth $561,412,000 after buying an additional 456,251 shares during the period. Centersquare Investment Management LLC boosted its position in Cousins Properties by 8.9% during the first quarter. Centersquare Investment Management LLC now owns 4,898,757 shares of the real estate investment trust’s stock valued at $112,377,000 after acquiring an additional 399,468 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in Cousins Properties by 49.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,781,184 shares of the real estate investment trust’s stock worth $67,722,000 after acquiring an additional 916,508 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Cousins Properties by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,214,595 shares of the real estate investment trust’s stock worth $51,266,000 after acquiring an additional 98,222 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Cousins Properties by 75.6% in the 1st quarter. Jennison Associates LLC now owns 1,917,908 shares of the real estate investment trust’s stock worth $46,107,000 after acquiring an additional 825,547 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Analysts Set New Price Targets

CUZ has been the subject of several recent analyst reports. Truist Financial raised their target price on Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Evercore ISI lifted their price objective on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Wells Fargo & Company boosted their target price on shares of Cousins Properties from $26.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Robert W. Baird lifted their price target on shares of Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Barclays upped their price objective on shares of Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.29.

Cousins Properties Stock Performance

CUZ opened at $29.29 on Friday. Cousins Properties Incorporated has a 1-year low of $17.40 and a 1-year high of $30.50. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 59.77, a PEG ratio of 4.90 and a beta of 1.31. The company’s fifty day moving average price is $27.82 and its two-hundred day moving average price is $24.79. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.61). The business had revenue of $212.98 million during the quarter, compared to the consensus estimate of $208.18 million. Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. Cousins Properties’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.75 EPS. On average, analysts expect that Cousins Properties Incorporated will post 2.67 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd will be paid a $0.32 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.37%. Cousins Properties’s payout ratio is 261.22%.

Insider Activity

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares of the company’s stock, valued at approximately $352,440.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

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.