Fmr LLC cut its stake in Cousins Properties Inc (NYSE:CUZ) by 2.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 owned approximately 3.18% of Cousins Properties worth $129,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of CUZ. First Republic Investment Management Inc. purchased a new stake in shares of Cousins Properties in the second quarter valued at approximately $125,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cousins Properties in the second quarter valued at approximately $198,000. Hartford Investment Management Co. purchased a new stake in shares of Cousins Properties in the second quarter valued at approximately $203,000. CIBC Private Wealth Group LLC lifted 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 acquiring an additional 21,491 shares during the last quarter. Finally, Virtu Financial LLC lifted 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 acquiring an additional 10,911 shares during the last quarter.
CUZ opened at $8.54 on Wednesday. Cousins Properties Inc has a one year low of $8.17 and a one year high of $9.88. The company 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 (NYSE:CUZ) last released its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Cousins Properties had a return on equity of 3.12% and a net margin of 19.01%. The firm had revenue of $116.60 million for the quarter, compared to analysts’ expectations of $115.91 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts anticipate that Cousins Properties Inc will post 0.62 EPS for the current year.
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Tuesday, October 2nd. Cousins Properties’s dividend payout ratio is presently 42.62%.
CUZ has been the topic of a number of recent analyst reports. SunTrust Banks reiterated a “buy” rating and issued a $10.00 price objective on shares of Cousins Properties in a report on Thursday, July 26th. ValuEngine cut Cousins Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. TheStreet cut Cousins Properties from a “b-” rating to a “c+” rating in a report on Friday, October 5th. Bank of America decreased their price objective on Cousins Properties from $10.50 to $10.25 and set a “buy” rating on the stock in a report on Monday, September 10th. Finally, Zacks Investment Research cut 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 issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.92.
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Cousins Properties 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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