Federated Investors Inc. PA Has $1.41 Million Stake in Cousins Properties Incorporated (CUZ)

Federated Investors Inc. PA reduced its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 25.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,500 shares of the real estate investment trust’s stock after selling 55,003 shares during the period. Federated Investors Inc. PA’s holdings in Cousins Properties were worth $1,410,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC boosted its holdings in shares of Cousins Properties by 0.9% during the second quarter. Jennison Associates LLC now owns 2,103,163 shares of the real estate investment trust’s stock worth $18,487,000 after purchasing an additional 18,259 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in shares of Cousins Properties by 10.6% during the second quarter. Frontier Capital Management Co. LLC now owns 5,781,908 shares of the real estate investment trust’s stock worth $50,823,000 after purchasing an additional 552,566 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Cousins Properties by 54.2% during the second quarter. BNP Paribas Arbitrage SA now owns 341,191 shares of the real estate investment trust’s stock worth $2,999,000 after purchasing an additional 119,903 shares during the period. Comerica Bank boosted its holdings in shares of Cousins Properties by 1.9% during the second quarter. Comerica Bank now owns 323,821 shares of the real estate investment trust’s stock worth $2,863,000 after purchasing an additional 5,887 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Cousins Properties by 31.1% during the second quarter. Legal & General Group Plc now owns 1,250,977 shares of the real estate investment trust’s stock worth $10,995,000 after purchasing an additional 296,584 shares during the period.

A number of analysts have recently weighed in on CUZ shares. Zacks Investment Research upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, July 5th. ValuEngine lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $8.50 to $10.50 in a report on Tuesday, August 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $10.17.

Cousins Properties Incorporated (NYSE:CUZ) opened at 9.19 on Thursday. Cousins Properties Incorporated has a 1-year low of $7.09 and a 1-year high of $10.99. The company has a market capitalization of $3.86 billion, a P/E ratio of 14.75 and a beta of 1.06. The company has a 50-day moving average of $9.17 and a 200-day moving average of $8.70.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, topping 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 firm had revenue of $119.00 million during the quarter, compared to analysts’ expectations of $114.68 million. During the same period in the previous year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 146.4% compared to the same quarter last year. Equities analysts expect that Cousins Properties Incorporated will post $0.45 EPS for the current fiscal year.

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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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