State of Alaska Department of Revenue Has $2.94 Million Position in Cousins Properties Incorporated (NYSE:CUZ)

State of Alaska Department of Revenue raised its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,000 shares of the real estate investment trust’s stock after purchasing an additional 6,058 shares during the quarter. State of Alaska Department of Revenue’s holdings in Cousins Properties were worth $2,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CUZ. Vanderbilt University raised its position in shares of Cousins Properties by 83.9% in the fourth quarter. Vanderbilt University now owns 25,134 shares of the real estate investment trust’s stock valued at $770,000 after purchasing an additional 11,465 shares during the period. Yousif Capital Management LLC raised its holdings in Cousins Properties by 1.5% in the 4th quarter. Yousif Capital Management LLC now owns 56,824 shares of the real estate investment trust’s stock valued at $1,741,000 after acquiring an additional 829 shares during the period. Retirement Systems of Alabama raised its holdings in Cousins Properties by 10.0% in the 4th quarter. Retirement Systems of Alabama now owns 203,206 shares of the real estate investment trust’s stock valued at $6,226,000 after acquiring an additional 18,393 shares during the period. abrdn plc lifted its position in Cousins Properties by 48.0% during the fourth quarter. abrdn plc now owns 44,528 shares of the real estate investment trust’s stock worth $1,340,000 after acquiring an additional 14,439 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Cousins Properties by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust’s stock worth $695,000 after acquiring an additional 485 shares during the period. 94.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CUZ. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a report on Tuesday, December 17th. Robert W. Baird boosted their target price on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. StockNews.com downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Truist Financial lifted their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays decreased their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.11.

Cousins Properties Price Performance

CUZ stock opened at $31.22 on Monday. The company’s 50-day moving average price is $30.34 and its two-hundred day moving average price is $29.71. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month 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. The firm has a market cap of $4.94 billion, a P/E ratio of 104.07, a P/E/G ratio of 3.95 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.03%. On average, analysts anticipate that Cousins Properties Incorporated will post 2.73 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

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.