South Dakota Investment Council Has $1.55 Million Position in Cousins Properties Incorporated (CUZ)

South Dakota Investment Council boosted its position in Cousins Properties Incorporated (NYSE:CUZ) by 81.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,000 shares of the real estate investment trust’s stock after acquiring an additional 78,800 shares during the quarter. South Dakota Investment Council’s holdings in Cousins Properties were worth $1,547,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in Cousins Properties by 1.3% in the second quarter. Wells Fargo & Company MN now owns 873,700 shares of the real estate investment trust’s stock valued at $7,680,000 after acquiring an additional 11,419 shares in the last quarter. Kennedy Capital Management Inc. acquired a new stake in Cousins Properties in the second quarter valued at approximately $5,242,000. Timber Hill LLC acquired a new stake in Cousins Properties in the second quarter valued at approximately $118,000. Oppenheimer Asset Management Inc. raised its holdings in Cousins Properties by 29.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 64,735 shares of the real estate investment trust’s stock valued at $569,000 after acquiring an additional 14,767 shares in the last quarter. Finally, Cipher Capital LP acquired a new stake in Cousins Properties in the second quarter valued at approximately $2,303,000.

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A number of analysts have weighed in on the stock. BidaskClub raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Stifel Nicolaus raised shares of Cousins Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $8.50 to $10.50 in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock 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 raised shares of Cousins Properties from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $9.00 to $10.00 in a report on Tuesday, May 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $10.17.

Cousins Properties Incorporated (NYSE:CUZ) opened at 9.25 on Wednesday. The stock’s 50 day moving average is $9.16 and its 200-day moving average is $8.70. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 14.85 and a beta of 1.06. Cousins Properties Incorporated has a 12 month low of $7.09 and a 12 month high of $10.99.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $114.68 million. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The business’s revenue was up 146.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. On average, equities research analysts expect that Cousins Properties Incorporated will post $0.45 earnings per share for the current year.

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

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