Employees Retirement System of Texas Has $3.83 Million Stake in Cousins Properties Incorporated (NYSE:CUZ)

Employees Retirement System of Texas boosted its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 155.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,000 shares of the real estate investment trust’s stock after acquiring an additional 76,000 shares during the quarter. Employees Retirement System of Texas owned 0.08% of Cousins Properties worth $3,830,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Cousins Properties by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust’s stock valued at $51,580,000 after purchasing an additional 309,571 shares during the period. Geode Capital Management LLC raised its stake in Cousins Properties by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock valued at $84,457,000 after buying an additional 36,727 shares during the period. State Street Corp raised its stake in Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock valued at $224,251,000 after buying an additional 48,668 shares during the period. Rhumbline Advisers lifted its position in shares of Cousins Properties by 4.9% in the fourth quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust’s stock valued at $14,304,000 after buying an additional 21,939 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Cousins Properties by 7.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust’s stock worth $82,047,000 after acquiring an additional 189,411 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Robert W. Baird cut their price target on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research note on Tuesday, December 17th. Barclays decreased their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Truist Financial raised their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.70.

Cousins Properties Price Performance

Shares of NYSE CUZ opened at $25.70 on Tuesday. The business has a fifty day moving average price of $29.61 and a two-hundred day moving average price of $30.19. The stock has a market capitalization of $4.32 billion, a PE ratio of 85.67, a P/E/G ratio of 2.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, equities analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.98%. Cousins Properties’s dividend payout ratio is 426.67%.

Cousins Properties Company Profile

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.