State of New Jersey Common Pension Fund D Boosts Stock Holdings in Cousins Properties Incorporated $CUZ

State of New Jersey Common Pension Fund D lifted its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,969 shares of the real estate investment trust’s stock after acquiring an additional 23,547 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Cousins Properties were worth $4,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Sanctuary Advisors LLC increased its position in shares of Cousins Properties by 1.6% during the fourth quarter. Sanctuary Advisors LLC now owns 30,730 shares of the real estate investment trust’s stock worth $792,000 after acquiring an additional 483 shares during the period. Assetmark Inc. increased its holdings in Cousins Properties by 9.6% in the third quarter. Assetmark Inc. now owns 5,781 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 505 shares during the last quarter. DoubleLine ETF Adviser LP increased its holdings in Cousins Properties by 5.3% in the third quarter. DoubleLine ETF Adviser LP now owns 10,461 shares of the real estate investment trust’s stock valued at $303,000 after buying an additional 531 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Cousins Properties by 1.3% in the third quarter. Teacher Retirement System of Texas now owns 41,753 shares of the real estate investment trust’s stock valued at $1,208,000 after buying an additional 552 shares during the last quarter. Finally, Polymer Capital Management US LLC increased its holdings in Cousins Properties by 4.8% in the third quarter. Polymer Capital Management US LLC now owns 13,889 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 634 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial dropped their target price on Cousins Properties from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Barclays dropped their target price on Cousins Properties from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Robert W. Baird set a $33.00 target price on Cousins Properties in a report on Wednesday, February 25th. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Finally, BMO Capital Markets dropped their target price on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold 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 $28.36.

Cousins Properties Stock Performance

NYSE CUZ opened at $25.48 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21. Cousins Properties Incorporated has a 1 year low of $21.03 and a 1 year high of $30.81. The company has a market capitalization of $4.19 billion, a PE ratio of -848.95, a P/E/G ratio of 2.03 and a beta of 1.21. The company has a fifty day moving average of $23.26 and a two-hundred day moving average of $24.75.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.21). Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The business had revenue of $263.11 million for the quarter, compared to analyst estimates of $256.77 million. During the same quarter last year, the company posted $0.74 EPS. Cousins Properties’s quarterly revenue was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, analysts expect that Cousins Properties Incorporated will post 2.93 earnings per share for the current year.

Cousins Properties announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 17th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the real estate investment trust to buy up to 6.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, April 7th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, April 7th. This represents a $1.28 annualized dividend and a dividend yield of 5.0%. Cousins Properties’s dividend payout ratio is -4,266.67%.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.