Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cousins Properties Incorporated (NYSE:CUZ) by 18.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,702 shares of the real estate investment trust’s stock after acquiring an additional 4,639 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cousins Properties were worth $261,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI raised its holdings in Cousins Properties by 14.0% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 12,553 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 1,545 shares in the last quarter. Glen Harbor Capital Management LLC raised its holdings in Cousins Properties by 46.6% in the 1st quarter. Glen Harbor Capital Management LLC now owns 14,388 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 4,576 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Cousins Properties in the 1st quarter valued at approximately $121,000. Oakbrook Investments LLC raised its holdings in Cousins Properties by 2.0% in the 2nd quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 300 shares in the last quarter. Finally, Elkfork Partners LLC raised its holdings in Cousins Properties by 46.6% in the 1st quarter. Elkfork Partners LLC now owns 18,312 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 5,824 shares in the last quarter.
Several equities research analysts have recently weighed in on the company. BidaskClub upgraded Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Stifel Nicolaus upgraded Cousins Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $8.50 to $10.50 in a research note on Tuesday, August 1st. ValuEngine lowered Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $10.17.
Shares of Cousins Properties Incorporated (NYSE CUZ) opened at 9.24 on Friday. The stock has a 50 day moving average price of $9.19 and a 200 day moving average price of $8.71. Cousins Properties Incorporated has a 1-year low of $7.09 and a 1-year high of $10.99. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 14.83 and a beta of 1.06.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The company had revenue of $119.00 million during the quarter, compared to the consensus estimate of $114.68 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up 146.4% on a year-over-year basis. Analysts forecast that Cousins Properties Incorporated will post $0.45 earnings per share for the current year.
Cousins Properties Profile
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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