Frontier Capital Management Co. LLC lifted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,864,576 shares of the real estate investment trust’s stock after purchasing an additional 82,668 shares during the period. Frontier Capital Management Co. LLC owned 1.40% of Cousins Properties worth $54,775,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Timber Hill LLC acquired a new stake in shares of Cousins Properties in the second quarter valued at approximately $118,000. Advisor Group Inc. increased its holdings in shares of Cousins Properties by 40.3% in the second quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 4,183 shares in the last quarter. Oakbrook Investments LLC increased its holdings in shares of Cousins Properties by 2.0% in the second quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 300 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Cousins Properties by 94.8% in the second quarter. Riverhead Capital Management LLC now owns 22,400 shares of the real estate investment trust’s stock valued at $197,000 after purchasing an additional 10,900 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Cousins Properties by 207.3% in the second quarter. US Bancorp DE now owns 24,357 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 16,432 shares in the last quarter.
A number of brokerages recently weighed in on CUZ. ValuEngine raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Bank of America Corporation raised their price target on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, October 3rd. SunTrust Banks, Inc. reissued a “buy” rating and issued a $10.00 price target on shares of Cousins Properties in a report on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $10.50 price target on shares of Cousins Properties in a report on Thursday, September 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $10.10.
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Cousins Properties Incorporated (CUZ) opened at $9.01 on Friday. Cousins Properties Incorporated has a 52 week low of $7.09 and a 52 week high of $9.59. The stock has a market cap of $3,784.39, a P/E ratio of 14.30 and a beta of 1.10. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The business had revenue of $113.20 million during the quarter, compared to the consensus estimate of $113.51 million. During the same period in the previous year, the business posted $0.22 earnings per share. Cousins Properties’s revenue was up 132.4% compared to the same quarter last year. equities research analysts predict that Cousins Properties Incorporated will post 0.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Monday, October 2nd were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.24 dividend on an annualized basis and a yield of 2.66%. Cousins Properties’s payout ratio is presently 44.44%.
Cousins Properties 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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