Teachers Retirement System of The State of Kentucky decreased its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 14.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 72,520 shares of the real estate investment trust’s stock after selling 11,851 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Cousins Properties were worth $637,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Cousins Properties by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 66,349,682 shares of the real estate investment trust’s stock worth $583,214,000 after purchasing an additional 474,225 shares during the period. BlackRock Inc. increased its holdings in shares of Cousins Properties by 7.1% during the 2nd quarter. BlackRock Inc. now owns 54,000,967 shares of the real estate investment trust’s stock worth $474,666,000 after purchasing an additional 3,602,825 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Cousins Properties by 10.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,258,089 shares of the real estate investment trust’s stock worth $213,228,000 after purchasing an additional 2,356,643 shares during the period. State Street Corp increased its holdings in shares of Cousins Properties by 13.4% during the 1st quarter. State Street Corp now owns 17,661,570 shares of the real estate investment trust’s stock worth $146,057,000 after purchasing an additional 2,087,693 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Cousins Properties by 15.7% during the 2nd quarter. Northern Trust Corp now owns 10,382,467 shares of the real estate investment trust’s stock worth $91,262,000 after purchasing an additional 1,411,479 shares during the period.

Several research firms have recently issued reports on CUZ. ValuEngine upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Bank of America Corporation boosted their price objective on shares of Cousins Properties from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, October 3rd. SunTrust Banks, Inc. reiterated a “buy” rating and set a $10.00 target price on shares of Cousins Properties in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $10.50 target price on shares of Cousins Properties in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $10.10.

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Shares of Cousins Properties Incorporated (NYSE:CUZ) opened at 9.47 on Tuesday. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 15.20 and a beta of 1.06. The stock’s 50 day moving average is $9.33 and its 200 day moving average is $8.90. Cousins Properties Incorporated has a 12 month low of $7.09 and a 12 month high of $9.59.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $114.68 million. During the same period last year, the firm earned $0.21 earnings per share. Cousins Properties’s revenue for the quarter was up 146.4% compared to the same quarter last year. Equities research analysts forecast that Cousins Properties Incorporated will post $0.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Monday, October 2nd were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Friday, September 29th. Cousins Properties’s dividend payout ratio is 42.11%.

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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