JPMorgan Chase & Co. cut its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 14.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,954,628 shares of the real estate investment trust’s stock after selling 497,405 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.70% of Cousins Properties worth $25,971,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI boosted its stake in Cousins Properties by 14.0% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,553 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 1,545 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Cousins Properties during the first quarter worth $121,000. Oakbrook Investments LLC boosted its stake in Cousins Properties by 2.0% during the second quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 300 shares in the last quarter. Elkfork Partners LLC boosted its stake in Cousins Properties by 46.6% during the first quarter. Elkfork Partners LLC now owns 18,312 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 5,824 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in Cousins Properties by 46.6% during the first quarter. Meadow Creek Investment Management LLC now owns 22,236 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 7,072 shares in the last quarter.
Several research analysts recently issued reports on CUZ shares. Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Wednesday, July 5th. BidaskClub lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus raised shares of Cousins Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $8.50 to $10.50 in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Cousins Properties presently has a consensus rating of “Buy” and an average target price of $10.17.
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Cousins Properties Incorporated (NYSE CUZ) opened at 9.31 on Tuesday. The firm has a market cap of $3.91 billion, a P/E ratio of 14.94 and a beta of 1.06. The firm’s 50-day moving average is $9.21 and its 200 day moving average is $8.72. Cousins Properties Incorporated has a 12-month low of $7.09 and a 12-month high of $10.96.
Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $114.68 million. During the same quarter in the previous year, the business posted $0.21 EPS. The company’s quarterly revenue was up 146.4% on a year-over-year basis. Equities analysts forecast that Cousins Properties Incorporated will post $0.45 earnings per share for the current year.
Cousins Properties Company 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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