Aperio Group LLC grew its holdings in Cousins Properties Inc (NYSE:CUZ) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 292,356 shares of the real estate investment trust’s stock after purchasing an additional 9,719 shares during the period. Aperio Group LLC owned approximately 0.07% of Cousins Properties worth $2,599,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Scout Investments Inc. lifted its holdings in shares of Cousins Properties by 6.3% in the third quarter. Scout Investments Inc. now owns 4,620,034 shares of the real estate investment trust’s stock valued at $41,072,000 after purchasing an additional 275,297 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Cousins Properties by 24.6% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 402,185 shares of the real estate investment trust’s stock worth $3,575,000 after acquiring an additional 79,289 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its holdings in shares of Cousins Properties by 6.5% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 2,968,338 shares of the real estate investment trust’s stock worth $26,389,000 after acquiring an additional 181,710 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Cousins Properties by 39.7% during the second quarter. United Services Automobile Association now owns 211,703 shares of the real estate investment trust’s stock worth $2,051,000 after acquiring an additional 60,200 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Cousins Properties by 9.6% during the second quarter. Northern Trust Corp now owns 11,760,386 shares of the real estate investment trust’s stock worth $113,959,000 after acquiring an additional 1,032,786 shares in the last quarter.
Shares of NYSE:CUZ opened at $8.54 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.38. Cousins Properties Inc has a 1 year low of $8.17 and a 1 year high of $9.88. The firm has a market cap of $3.50 billion, a P/E ratio of 14.00, a PEG ratio of 4.06 and a beta of 0.86.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. Cousins Properties had a return on equity of 3.12% and a net margin of 19.01%. The business had revenue of $116.60 million during the quarter, compared to analyst estimates of $115.91 million. During the same period last year, the company earned $0.15 earnings per share. Cousins Properties’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts anticipate that Cousins Properties Inc will post 0.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Wednesday, October 3rd were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Tuesday, October 2nd. This represents a $0.26 annualized dividend and a yield of 3.04%. Cousins Properties’s dividend payout ratio (DPR) is currently 42.62%.
CUZ has been the subject of several recent research reports. SunTrust Banks reiterated a “buy” rating and set a $10.00 price objective on shares of Cousins Properties in a report on Thursday, July 26th. ValuEngine lowered Cousins Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. TheStreet lowered Cousins Properties from a “b-” rating to a “c+” rating in a report on Friday, October 5th. Bank of America cut their price objective on Cousins Properties from $10.50 to $10.25 and set a “buy” rating for the company in a report on Monday, September 10th. Finally, Zacks Investment Research lowered Cousins Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.92.
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About Cousins Properties
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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