Virginia Retirement Systems ET AL reduced its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 37.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 600,000 shares of the real estate investment trust’s stock after selling 352,400 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.14% of Cousins Properties worth $5,274,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI increased its position in 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 valued at $104,000 after buying an additional 1,545 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in Cousins Properties by 46.6% in the first quarter. Glen Harbor Capital Management LLC now owns 14,388 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 4,576 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Cousins Properties during the first quarter valued at about $121,000. Oakbrook Investments LLC increased its position in 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 valued at $126,000 after buying an additional 1,000 shares during the last quarter. Finally, Elkfork Partners LLC increased its position in Cousins Properties by 46.6% in the first quarter. Elkfork Partners LLC now owns 18,312 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 5,824 shares during the last quarter.

Shares of Cousins Properties Incorporated (NYSE:CUZ) opened at 9.23 on Friday. The firm has a market capitalization of $3.88 billion, a P/E ratio of 14.82 and a beta of 1.07. The firm’s 50-day moving average price is $9.04 and its 200 day moving average price is $8.65. Cousins Properties Incorporated has a 12 month low of $7.09 and a 12 month high of $11.40.

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 the Zacks’ consensus estimate 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 million for the quarter, compared to the consensus estimate of $114.68 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The firm’s revenue was up 146.4% on a year-over-year basis. Analysts anticipate that Cousins Properties Incorporated will post $0.45 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on CUZ shares. Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, July 5th. BidaskClub raised Cousins Properties from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Stifel Nicolaus raised Cousins Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $8.50 to $10.50 in a research report on Tuesday, August 1st. ValuEngine downgraded Cousins Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Robert W. Baird raised Cousins Properties from a “neutral” rating to an “outperform” rating and upped their target price for the company from $9.00 to $10.00 in a research report on Tuesday, May 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Cousins Properties currently has an average rating of “Buy” and an average target price of $10.17.

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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