Teachers Advisors LLC raised its position in Cousins Properties Incorporated (NYSE:CUZ) by 7.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 592,101 shares of the real estate investment trust’s stock after buying an additional 39,830 shares during the period. Teachers Advisors LLC owned approximately 0.15% of Cousins Properties worth $4,897,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Capstone Asset Management Co. boosted its stake in shares of Cousins Properties by 2.0% in the first quarter. Capstone Asset Management Co. now owns 26,062 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 500 shares in the last quarter. Oakbrook Investments LLC boosted its stake in shares of Cousins Properties by 7.0% in the first quarter. Oakbrook Investments LLC now owns 15,200 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,000 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Cousins Properties by 4.5% in the first quarter. Nisa Investment Advisors LLC now owns 24,208 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 1,044 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Cousins Properties by 14.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,553 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,545 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cousins Properties by 9.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,063 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 2,264 shares in the last quarter.
Cousins Properties Incorporated (CUZ) traded up 0.22% during midday trading on Friday, reaching $9.21. 2,601,765 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $8.91 and a 200 day moving average price of $8.57. Cousins Properties Incorporated has a 52 week low of $7.09 and a 52 week high of $11.40. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 14.78 and a beta of 1.07.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The company had revenue of $119 million during the quarter, compared to the consensus estimate of $114.68 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s quarterly revenue was up 146.4% on a year-over-year basis. Analysts anticipate that Cousins Properties Incorporated will post $0.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Stockholders of record on Monday, July 3rd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Thursday, June 29th. Cousins Properties’s dividend payout ratio (DPR) is presently 42.11%.
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A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $8.50 to $10.50 in a report on Tuesday. BidaskClub cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, July 5th. ValuEngine cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Robert W. Baird upgraded shares of Cousins Properties from a “neutral” rating to an “outperform” rating and upped their price target for the company from $9.00 to $10.00 in a report on Tuesday, May 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $10.17.
In other news, Director Lillian C. Giornelli sold 5,006 shares of Cousins Properties stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $8.38, for a total value of $41,950.28. Following the completion of the transaction, the director now owns 102,307 shares of the company’s stock, valued at approximately $857,332.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.14% of the company’s stock.
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.
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