Cipher Capital LP Sells 35,034 Shares of Cousins Properties Incorporated (CUZ)

Cipher Capital LP trimmed its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 13.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 227,041 shares of the real estate investment trust’s stock after selling 35,034 shares during the period. Cipher Capital LP owned approximately 0.05% of Cousins Properties worth $2,121,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Cousins Properties by 0.7% during the second quarter. Vanguard Group Inc. now owns 66,349,682 shares of the real estate investment trust’s stock valued at $583,214,000 after purchasing an additional 474,225 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Cousins Properties by 7.1% during the second quarter. BlackRock Inc. now owns 54,000,967 shares of the real estate investment trust’s stock valued at $474,666,000 after purchasing an additional 3,602,825 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Cousins Properties by 10.8% during the second quarter. Daiwa Securities Group Inc. now owns 24,258,089 shares of the real estate investment trust’s stock valued at $213,228,000 after purchasing an additional 2,356,643 shares during the last quarter. State Street Corp lifted its holdings in shares of Cousins Properties by 7.2% during the second quarter. State Street Corp now owns 18,932,900 shares of the real estate investment trust’s stock valued at $166,419,000 after purchasing an additional 1,271,330 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Cousins Properties by 15.7% during the second quarter. Northern Trust Corp now owns 10,382,467 shares of the real estate investment trust’s stock valued at $91,262,000 after purchasing an additional 1,411,479 shares during the last quarter.

Several equities analysts have recently issued reports on the stock. SunTrust Banks, Inc. reiterated a “buy” rating and set a $10.00 target price on shares of Cousins Properties in a report on Monday, October 2nd. Zacks Investment Research lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Stifel Nicolaus upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $8.50 to $10.50 in a report on Tuesday, August 1st. BidaskClub upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Finally, ValuEngine upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $10.10.

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Shares of Cousins Properties Incorporated (NYSE CUZ) traded up $0.10 during midday trading on Tuesday, reaching $9.07. 4,365,100 shares of the company were exchanged, compared to its average volume of 3,627,952. Cousins Properties Incorporated has a 52 week low of $7.80 and a 52 week high of $9.59. The stock has a market cap of $3,767.58, a price-to-earnings ratio of 14.24 and a beta of 1.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data 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). Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The firm had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $113.51 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. Cousins Properties’s revenue was up 132.4% on a year-over-year basis. equities research analysts predict that Cousins Properties Incorporated will post 0.61 earnings per share for the current year.

Cousins Properties Company 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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