Fmr LLC reduced its stake in Cousins Properties Inc (NYSE:CUZ) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,367,062 shares of the real estate investment trust’s stock after selling 290,623 shares during the period. Fmr LLC’s holdings in Cousins Properties were worth $129,527,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Republic Investment Management Inc. acquired a new stake in shares of Cousins Properties in the second quarter valued at $125,000. Dynamic Technology Lab Private Ltd purchased a new position in Cousins Properties in the second quarter valued at $198,000. Hartford Investment Management Co. purchased a new position in Cousins Properties in the second quarter valued at $203,000. CIBC Private Wealth Group LLC increased its holdings in Cousins Properties by 15,919.3% in the second quarter. CIBC Private Wealth Group LLC now owns 21,626 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 21,491 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in Cousins Properties by 84.6% in the second quarter. Virtu Financial LLC now owns 23,807 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 10,911 shares during the last quarter.
Several equities analysts recently commented on the company. ValuEngine raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Zacks Investment Research raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Bank of America dropped their target price on Cousins Properties from $10.50 to $10.25 and set a “buy” rating on the stock in a report on Monday, September 10th. TheStreet lowered Cousins Properties from a “b-” rating to a “c+” rating in a report on Friday, October 5th. Finally, SunTrust Banks reissued a “buy” rating and issued a $10.00 target price on shares of Cousins Properties in a report on Thursday, July 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Cousins Properties currently has an average rating of “Hold” and a consensus price target of $9.92.
NYSE:CUZ opened at $8.54 on Wednesday. The firm has a market capitalization of $3.50 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 4.06 and a beta of 0.86. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 1.49. Cousins Properties Inc has a 12 month low of $8.17 and a 12 month high of $9.88.
Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The firm had revenue of $116.60 million for the quarter, compared to analyst estimates of $115.91 million. Cousins Properties had a return on equity of 3.12% and a net margin of 19.01%. Cousins Properties’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. Analysts predict that Cousins Properties Inc will post 0.62 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Wednesday, October 3rd were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Tuesday, October 2nd. Cousins Properties’s dividend payout ratio (DPR) is presently 42.62%.
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Cousins Properties Company Profile
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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