First Trust Advisors LP trimmed its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 58.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,745 shares of the real estate investment trust’s stock after selling 175,570 shares during the quarter. First Trust Advisors LP’s holdings in Cousins Properties were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Commerzbank Aktiengesellschaft FI grew its stake in Cousins Properties by 14.0% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 12,553 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,545 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Cousins Properties during the 1st quarter worth $121,000. Oakbrook Investments LLC grew its stake in Cousins Properties by 2.0% during the 2nd quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 300 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in Cousins Properties by 46.6% during the 1st quarter. Meadow Creek Investment Management LLC now owns 22,236 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 7,072 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Cousins Properties by 4.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 24,208 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 1,044 shares during the last quarter.
CUZ has been the topic of several research analyst reports. Zacks Investment Research upgraded 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 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 boosted their target price for the stock from $8.50 to $10.50 in a research note on Tuesday, August 1st. Finally, ValuEngine downgraded Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $10.17.
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Cousins Properties Incorporated (CUZ) opened at 9.37 on Wednesday. The company’s 50-day moving average price is $9.22 and its 200 day moving average price is $8.73. The stock has a market capitalization of $3.94 billion, a P/E ratio of 15.04 and a beta of 1.06. Cousins Properties Incorporated has a 52 week low of $7.09 and a 52 week high of $10.86.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The company had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $114.68 million. During the same period last year, the firm earned $0.21 earnings per share. Cousins Properties’s quarterly revenue was up 146.4% on a year-over-year basis. Equities research analysts expect that Cousins Properties Incorporated will post $0.45 EPS for the current fiscal 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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