Goldman Sachs Group Inc. raised its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 124.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,878,281 shares of the real estate investment trust’s stock after buying an additional 1,597,562 shares during the quarter. Goldman Sachs Group Inc. owned 0.69% of Cousins Properties worth $25,301,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CUZ. BlackRock Inc. increased its holdings in Cousins Properties by 7,631.5% in the 1st quarter. BlackRock Inc. now owns 50,398,142 shares of the real estate investment trust’s stock valued at $416,791,000 after buying an additional 49,746,289 shares during the period. Vanguard Group Inc. increased its holdings in Cousins Properties by 20.8% in the 1st quarter. Vanguard Group Inc. now owns 65,875,457 shares of the real estate investment trust’s stock valued at $544,790,000 after buying an additional 11,347,714 shares during the period. Nuveen Asset Management LLC increased its holdings in Cousins Properties by 465.1% in the 1st quarter. Nuveen Asset Management LLC now owns 6,859,444 shares of the real estate investment trust’s stock valued at $56,728,000 after buying an additional 5,645,530 shares during the period. Prudential Financial Inc. increased its holdings in Cousins Properties by 1,045.9% in the 2nd quarter. Prudential Financial Inc. now owns 3,407,185 shares of the real estate investment trust’s stock valued at $29,949,000 after buying an additional 3,109,844 shares during the period. Finally, Voya Investment Management LLC increased its holdings in Cousins Properties by 1,941.7% in the 2nd quarter. Voya Investment Management LLC now owns 2,838,658 shares of the real estate investment trust’s stock valued at $24,951,000 after buying an additional 2,699,627 shares during the period.

Several brokerages have issued reports on CUZ. Bank of America Corporation boosted their price target on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, October 3rd. Stifel Nicolaus raised shares of Cousins Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $8.50 to $10.50 in a report on Tuesday, August 1st. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $10.00 target price on shares of Cousins Properties in a report on Monday, October 2nd. BidaskClub raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Finally, ValuEngine raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have issued 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.

Shares of Cousins Properties Incorporated (NYSE:CUZ) opened at 9.40 on Friday. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 15.09 and a beta of 1.06. The stock has a 50 day moving average of $9.32 and a 200 day moving average of $8.88. Cousins Properties Incorporated has a 12-month low of $7.09 and a 12-month high of $9.59.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Monday, October 2nd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, September 29th. Cousins Properties’s payout ratio is currently 42.11%.

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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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