Cousins Properties Inc (CUZ) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in Cousins Properties Inc (NYSE:CUZ) by 15.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,231,615 shares of the real estate investment trust’s stock after selling 228,499 shares during the period. Janus Henderson Group PLC owned 0.29% of Cousins Properties worth $11,509,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Timber Hill LLC bought a new position in Cousins Properties in the 2nd quarter worth approximately $118,000. Zeke Capital Advisors LLC bought a new position in Cousins Properties in the 3rd quarter worth approximately $126,000. Advisor Group Inc. raised its position in Cousins Properties by 40.3% in the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 4,183 shares during the last quarter. Riverhead Capital Management LLC raised its position in Cousins Properties by 94.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 22,400 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 10,900 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Cousins Properties in the 3rd quarter worth approximately $202,000.

In other news, insider S Taylor Glover sold 74,351 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $9.41, for a total value of $699,642.91. Following the completion of the transaction, the insider now owns 485,284 shares of the company’s stock, valued at approximately $4,566,522.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.14% of the stock is currently owned by insiders.

Several research analysts recently weighed in on CUZ shares. Stifel Nicolaus restated a “buy” rating and issued a $10.50 price objective on shares of Cousins Properties in a research report on Thursday, September 21st. SunTrust Banks reaffirmed a “buy” rating and set a $10.00 target price on shares of Cousins Properties in a report on Monday, October 2nd. Bank of America lifted their target price on shares of Cousins Properties from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, ValuEngine raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $10.10.

Shares of Cousins Properties Inc (NYSE:CUZ) opened at $9.18 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. Cousins Properties Inc has a fifty-two week low of $7.81 and a fifty-two week high of $9.63. The company has a market cap of $3,860.00, a price-to-earnings ratio of 15.83 and a beta of 1.23.

Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The business had revenue of $113.20 million for the quarter, compared to analyst estimates of $113.51 million. During the same period in the prior year, the firm posted $0.22 EPS. Cousins Properties’s revenue was up 132.4% on a year-over-year basis. equities analysts forecast that Cousins Properties Inc will post 0.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, December 29th. Cousins Properties’s dividend payout ratio is presently 41.38%.

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About Cousins Properties

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.

Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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