The New York State Common Retirement Fund increased its position in Cousins Properties Incorporated (NYSE: CUZ) by 4.8% during the third quarter, as stated in the most recent 13F filing that Cousins Properties Incorporated submitted with the Securities and Exchange Commission (SEC).
The fund finished the period with a total holding of 453,829 units of the Real Estate Investment Trust’s common stock.
This was accomplished through the acquisition of an additional 20,884 shares of stock throughout the period.
The New York State Common Retirement Fund had approximately 0.30% of the shares of Cousins Properties at the end of the most recent fiscal quarter, with a total value of $10,597,000.
Recent events have resulted in shifts in the total value of the shares held by various institutional investors, hedge funds, and other financial entities.
These changes can be attributed to recent market activity. Over the first three months of the year, HighTower Advisors LLC saw a 24.3% increase in the value of its holdings in Cousins Properties. HighTower Advisors LLC now holds 1,633 additional shares, bringing the total value of their holdings to $336,000; the real estate investment trust currently has a total of 8,349 shares (up from 7,049 shares previously).
PNC Financial Services Group INC increased the proportion of ownership it holds in Cousins Properties by 2.1% over the first three months of 2018.
PNC Financial Services Group INC now has 14,922 of the real estate investment trust’s shares after purchasing an additional 306 in the most recent quarter.
This provides the company with a valuation of $600,000 for the REIT.
During the first three months of the year, AlphaCrest Capital Management LLC invested approximately $287,000 in Cousins Properties, which allowed them to open a new position in the company. Natixis Advisors L.P.
Is an investment firm that specializes in private equity.
It increased the proportion of Cousins Properties holdings owned by 13.1% during the year’s first three months. Natixis Advisors L.P.
Is an investment firm that specializes in private equity. He now has 16,971 shares of the real estate investment trust, thanks to purchasing an additional 1,969 shares during the most recent quarter.
The value of all of his shares is currently $680,000.
During the first quarter of this year, the Bank of Montreal increased its ownership stake in Cousins Properties by 115.7%.
This brings us to our final point.
Bank of Montreal now has 66,926 shares of the real estate investment trust following purchasing an additional 35,897 shares over time.
These shares have an estimated value of $2,752,000 at present.
The majority of the company’s stock, or 97.15 percent, is held in the hands of institutional investors.
CUZ started its first day of trading on Thursday for $26.37.
During the previous year, Cousins Properties Incorporated experienced a price range that ranged from a low of $21.72 to a high of $41.69.
The values of the debt-to-equity ratio, current, and quick ratio are all the same, and they all equal 0.71.
The company has seen a moving average of $25.96 over the past 200 days, while the moving average over the last 50 days has been $25.60.
These metrics, which are derived from the financial statements of the company, include the company’s worth, which is $3.99 billion; its price-to-earnings ratio, which is 12.74; its price-to-earnings-to-growth ratio, which is 2; and its beta, which is 1.12.
In addition, the board of directors decided to declare a quarterly dividend, which the company paid out on January 13 after receiving approval from shareholders.
At the close of business on January 4, shareholders recorded as owning the company’s shares were eligible to receive a $0.32 dividend payment per share.
This equates to an annual dividend payment of 1.28 dollars and a dividend yield of 4.85% on the stock. On Tuesday, January 3, the dividend was sent to shareholders with a stake in the company. Cousins Properties has a dividend payout ratio (DPR) of 61.84%.
CUZ has gotten responses to their questions from a variety of research organizations. JPMorgan Chase & Co stated in a report disseminated on Thursday, December 1, that they had decreased their target price on Cousins Properties shares to $29.00.
This information was included in the report.
Mizuho changed their recommendation for Cousins Properties on January 4, moving it from “neutral” to “underperform” due to a study that was made public that same day.
In addition, Mizuho lowered their price objective for the company from $29.00 to $22.00Chase & Co stated in a report disseminated on Thursday, December 1, that they have decreased their target price on Cousins Properties shares to $29.00.
This information was included in the report.
Mizuho changed their recommendation for Cousins Properties on January 4, moving it from “neutral” to “underperform” due to a study that was made public that same day.
In addition, Mizuho lowered their price objective for the company from $29.00 to $22.00.
BMO Capital Markets published a research report on Cousins Properties on December 12 and made it available for public consumption.
They gave the stock an “outperform” rating and established a target price of $29.00.
Trust Financial announced in a research note published on November 16 that they were lowering their price target for Cousins Properties to $28.00.
Barclays rated the company as “overweight” in a research report published on Tuesday, December 13, and dropped its price objective on Cousins Properties from $43 to $36.
The company’s performance was the subject of the analysis, and its audience was investors.
The stock comes with a recommendation to purchase it from four different analysts, a recommendation to maintain it from three different analysts, and a recommendation to sell it from one.
The current recommendation for Cousins Properties is “Hold,” and the consensus price target for the company is $28.86, as indicated by the data provided by Bloomberg.
The range of services provided by Cousins Properties, INC includes, but is not limited to, real estate development and property purchase, leasing, and management.
It does business in the Sunbelt markets, and in those markets, it invests in urban office towers.
Thomas G. Cousins founded the company in 1958, and its current headquarters can be found in the city of Atlanta, which is located in the state of Georgia.
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