Public Employees Retirement Association of Colorado grew its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ – Get Rating) by 111.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,218 shares of the real estate investment trust's stock after acquiring an additional 10,131 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Cousins Properties were worth $562,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position in Cousins Properties by 2.1% during the first quarter. PNC Financial Services Group Inc. now owns 14,922 shares of the real estate investment trust's stock valued at $600,000 after purchasing an additional 306 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Cousins Properties by 89.2% during the 1st quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 495 shares during the last quarter. Cibc World Markets Corp lifted its holdings in shares of Cousins Properties by 0.7% during the 1st quarter. Cibc World Markets Corp now owns 74,849 shares of the real estate investment trust's stock worth $3,016,000 after acquiring an additional 519 shares during the last quarter. Synovus Financial Corp increased its stake in Cousins Properties by 2.6% in the second quarter. Synovus Financial Corp now owns 24,944 shares of the real estate investment trust's stock valued at $732,000 after acquiring an additional 635 shares during the last quarter. Finally, Janiczek Wealth Management LLC increased its stake in Cousins Properties by 285.9% in the second quarter. Janiczek Wealth Management LLC now owns 961 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 712 shares during the last quarter. Hedge funds and other institutional investors own 95.94% of the company's stock.
Get Cousins Properties alerts:Cousins Properties Stock Performance
Cousins Properties stock opened at $24.95 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49. The firm has a market cap of $3.78 billion, a P/E ratio of 12.05, a P/E/G ratio of 2.51 and a beta of 1.09. Cousins Properties Incorporated has a 1-year low of $21.72 and a 1-year high of $42.41. The firm has a 50-day moving average of $24.18 and a 200-day moving average of $27.43.
Cousins Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Wednesday, October 5th were given a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, October 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.13%. Cousins Properties's dividend payout ratio is currently 61.84%.Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Cousins Properties to $29.00 in a report on Thursday, December 1st. Evercore ISI started coverage on Cousins Properties in a research note on Monday, October 3rd. They issued an "outperform" rating and a $29.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Cousins Properties from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 22nd. Mizuho cut their price objective on shares of Cousins Properties from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Wednesday, October 19th. Finally, StockNews.com assumed coverage on Cousins Properties in a research note on Wednesday, October 12th. They issued a "hold" rating for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $30.83.
Cousins Properties Profile
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Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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