Municipal Employees Retirement System of Michigan Decreases Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Municipal Employees Retirement System of Michigan lessened its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 21.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,030 shares of the real estate investment trust’s stock after selling 34,670 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Cousins Properties were worth $1,186,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CUZ. Teachers Advisors LLC boosted its position in Cousins Properties by 7.2% during the first quarter. Teachers Advisors LLC now owns 592,101 shares of the real estate investment trust’s stock worth $4,897,000 after purchasing an additional 39,830 shares during the period. Bank of Montreal Can boosted its position in shares of Cousins Properties by 404.0% in the second quarter. Bank of Montreal Can now owns 640,118 shares of the real estate investment trust’s stock valued at $5,627,000 after acquiring an additional 513,119 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Cousins Properties by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 154,831 shares of the real estate investment trust’s stock valued at $1,361,000 after acquiring an additional 6,485 shares during the period. LS Investment Advisors LLC boosted its position in shares of Cousins Properties by 18.5% in the second quarter. LS Investment Advisors LLC now owns 32,539 shares of the real estate investment trust’s stock valued at $286,000 after acquiring an additional 5,081 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Cousins Properties by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 109,300 shares of the real estate investment trust’s stock valued at $961,000 after acquiring an additional 3,700 shares during the period.

CUZ has been the subject of a number of analyst reports. 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. Bank of America raised their price objective on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. ValuEngine upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Finally, BidaskClub upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $10.10.

Shares of Cousins Properties Incorporated (CUZ) traded up $0.02 on Wednesday, reaching $9.18. 3,455,054 shares of the company were exchanged, compared to its average volume of 3,704,671. The stock has a market capitalization of $3,906.19, a P/E ratio of 14.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83. Cousins Properties Incorporated has a 1-year low of $7.81 and a 1-year high of $9.59.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $113.51 million. Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The company’s revenue for the quarter was up 132.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. research analysts anticipate that Cousins Properties Incorporated will post 0.61 EPS for the current year.

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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.

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

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