Bank of Montreal Can cut its stake in shares of Cousins Properties Inc (NYSE:CUZ) by 67.5% in the 4th quarter, HoldingsChannel reports. The fund owned 74,741 shares of the real estate investment trust’s stock after selling 154,972 shares during the period. Bank of Montreal Can’s holdings in Cousins Properties were worth $691,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Zeke Capital Advisors LLC purchased a new stake in shares of Cousins Properties during the third quarter valued at $126,000. Advisor Group Inc. boosted its position in shares of Cousins Properties by 40.3% during the second quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 4,183 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cousins Properties during the third quarter valued at $202,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Cousins Properties during the second quarter valued at $222,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Cousins Properties during the third quarter valued at $254,000.
Several research firms recently commented on CUZ. Bank of America raised Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Monday, December 4th. SunTrust Banks set a $10.00 price objective on Cousins Properties and gave the company a “buy” rating in a research report on Wednesday, February 14th. ValuEngine cut Cousins Properties from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Cousins Properties presently has a consensus rating of “Buy” and an average price target of $10.10.
In other Cousins Properties news, insider S Taylor Glover sold 74,351 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total value of $699,642.91. Following the transaction, the insider now directly owns 485,284 shares of the company’s stock, valued at $4,566,522.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.14% of the company’s stock.
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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