New York State Common Retirement Fund Boosts Stake in Cousins Properties Incorporated (CUZ)

New York State Common Retirement Fund increased its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 23.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 435,987 shares of the real estate investment trust’s stock after buying an additional 82,999 shares during the period. New York State Common Retirement Fund owned about 0.10% of Cousins Properties worth $3,832,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CUZ. BlackRock Inc. boosted its holdings in shares of Cousins Properties by 7,631.5% in the 1st quarter. BlackRock Inc. now owns 50,398,142 shares of the real estate investment trust’s stock valued at $416,791,000 after buying an additional 49,746,289 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Cousins Properties by 20.8% in the 1st quarter. Vanguard Group Inc. now owns 65,875,457 shares of the real estate investment trust’s stock valued at $544,790,000 after buying an additional 11,347,714 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Cousins Properties by 465.1% in the 1st quarter. Nuveen Asset Management LLC now owns 6,859,444 shares of the real estate investment trust’s stock valued at $56,728,000 after buying an additional 5,645,530 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Cousins Properties by 1,045.9% in the 2nd quarter. Prudential Financial Inc. now owns 3,407,185 shares of the real estate investment trust’s stock valued at $29,949,000 after buying an additional 3,109,844 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Cousins Properties by 10.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,258,089 shares of the real estate investment trust’s stock valued at $213,228,000 after buying an additional 2,356,643 shares during the period.

CUZ has been the subject of several research reports. Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, July 5th. BidaskClub lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus raised shares of Cousins Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.50 to $10.50 in a report on Tuesday, August 1st. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $10.00 price target on shares of Cousins Properties in a report on Monday, October 2nd. Finally, Bank of America Corporation lifted their price target on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $10.10.

Shares of Cousins Properties Incorporated (CUZ) opened at 9.35 on Thursday. Cousins Properties Incorporated has a 12 month low of $7.09 and a 12 month high of $9.59. The company has a 50-day moving average of $9.35 and a 200 day moving average of $8.92. The company has a market capitalization of $3.93 billion, a P/E ratio of 15.01 and a beta of 1.06.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $114.68 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The firm’s quarterly revenue was up 146.4% compared to the same quarter last year. Analysts forecast that Cousins Properties Incorporated will post $0.45 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Monday, October 2nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Friday, September 29th. Cousins Properties’s payout ratio is 42.11%.

ILLEGAL ACTIVITY WARNING: “New York State Common Retirement Fund Boosts Stake in Cousins Properties Incorporated (CUZ)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another publication, it wa

Several other hedge funds and other institutional investors have also bought and sold shares of CUZ. BlackRock Inc. boosted its holdings in shares of Cousins Properties by 7,631.5% in the 1st quarter. BlackRock Inc. now owns 50,398,142 shares of the real estate investment trust’s stock valued at $416,791,000 after buying an additional 49,746,289 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Cousins Properties by 20.8% in the 1st quarter. Vanguard Group Inc. now owns 65,875,457 shares of the real estate investment trust’s stock valued at $544,790,000 after buying an additional 11,347,714 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Cousins Properties by 465.1% in the 1st quarter. Nuveen Asset Management LLC now owns 6,859,444 shares of the real estate investment trust’s stock valued at $56,728,000 after buying an additional 5,645,530 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Cousins Properties by 1,045.9% in the 2nd quarter. Prudential Financial Inc. now owns 3,407,185 shares of the real estate investment trust’s stock valued at $29,949,000 after buying an additional 3,109,844 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Cousins Properties by 10.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,258,089 shares of the real estate investment trust’s stock valued at $213,228,000 after buying an additional 2,356,643 shares during the period.

CUZ has been the subject of several research reports. Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, July 5th. BidaskClub lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus raised shares of Cousins Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.50 to $10.50 in a report on Tuesday, August 1st. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $10.00 price target on shares of Cousins Properties in a report on Monday, October 2nd. Finally, Bank of America Corporation lifted their price target on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $10.10.

Shares of Cousins Properties Incorporated (CUZ) opened at 9.35 on Thursday. Cousins Properties Incorporated has a 12 month low of $7.09 and a 12 month high of $9.59. The company has a 50-day moving average of $9.35 and a 200 day moving average of $8.92. The company has a market capitalization of $3.93 billion, a P/E ratio of 15.01 and a beta of 1.06.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $114.68 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The firm’s quarterly revenue was up 146.4% compared to the same quarter last year. Analysts forecast that Cousins Properties Incorporated will post $0.45 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Monday, October 2nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Friday, September 29th. Cousins Properties’s payout ratio is 42.11%.

ILLEGAL ACTIVITY WARNING: “New York State Common Retirement Fund Boosts Stake in Cousins Properties Incorporated (CUZ)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/19/new-york-state-common-retirement-fund-boosts-stake-in-cousins-properties-incorporated-cuz.html.

About Cousins Properties

Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.

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Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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