Bank of Montreal Can acquired a new stake in shares of Cousins Properties Inc. (NYSE:CUZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 348,810 shares of the real estate investment trust’s stock, valued at approximately $3,628,000.
Other hedge funds have also added to or reduced their stakes in the company. Aperio Group LLC raised its stake in Cousins Properties by 84.8% in the first quarter. Aperio Group LLC now owns 36,745 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 16,866 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Cousins Properties during the first quarter valued at $138,000. Teachers Advisors Inc. raised its stake in Cousins Properties by 2.6% in the first quarter. Teachers Advisors Inc. now owns 2,029,256 shares of the real estate investment trust’s stock valued at $21,064,000 after buying an additional 50,900 shares during the period. BlackRock Inc. raised its stake in Cousins Properties by 8.0% in the first quarter. BlackRock Inc. now owns 204,291 shares of the real estate investment trust’s stock valued at $2,120,000 after buying an additional 15,092 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Cousins Properties by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,800,366 shares of the real estate investment trust’s stock valued at $80,968,000 after buying an additional 79,193 shares during the period. 99.72% of the stock is currently owned by institutional investors and hedge funds.
Cousins Properties Inc. (NYSE:CUZ) traded down 0.51% during trading on Friday, hitting $7.82. The company had a trading volume of 6,670,138 shares. Cousins Properties Inc. has a 1-year low of $7.19 and a 1-year high of $11.40. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.81 and a beta of 1.14. The company’s 50 day moving average price is $10.24 and its 200-day moving average price is $10.47.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. Cousins Properties had a net margin of 37.51% and a return on equity of 8.41%. The company had revenue of $92.70 million for the quarter, compared to the consensus estimate of $89.52 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, analysts expect that Cousins Properties Inc. will post $0.86 EPS for the current year.
CUZ has been the topic of several research analyst reports. Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Wednesday, July 27th. Robert W. Baird lowered Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Wednesday, August 17th. Finally, Stifel Nicolaus lowered Cousins Properties from a “hold” rating to a “sell” rating and cut their price target for the company from $11.50 to $9.50 in a research note on Thursday, September 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Cousins Properties presently has an average rating of “Hold” and an average target price of $10.88.
Cousins Properties Company Profile
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.
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