Parametric Portfolio Associates LLC boosted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 660,780 shares of the real estate investment trust’s stock after purchasing an additional 52,514 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.16% of Cousins Properties worth $5,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CUZ. UBS Asset Management Americas Inc. boosted its stake in Cousins Properties by 27.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 677,467 shares of the real estate investment trust’s stock worth $5,603,000 after purchasing an additional 144,447 shares during the period. SG Americas Securities LLC boosted its stake in Cousins Properties by 170.6% in the 1st quarter. SG Americas Securities LLC now owns 51,516 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 32,479 shares during the period. OppenheimerFunds Inc. bought a new position in Cousins Properties in the 1st quarter worth about $3,466,000. Principal Financial Group Inc. boosted its stake in Cousins Properties by 25.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,695,619 shares of the real estate investment trust’s stock worth $14,022,000 after purchasing an additional 340,615 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Cousins Properties by 7.2% in the 1st quarter. Teachers Advisors LLC now owns 592,101 shares of the real estate investment trust’s stock worth $4,897,000 after purchasing an additional 39,830 shares during the period.

Shares of Cousins Properties Incorporated (CUZ) opened at 9.19 on Friday. The company has a market cap of $3.86 billion, a P/E ratio of 14.75 and a beta of 1.06. The stock’s 50 day moving average price is $9.35 and its 200-day moving average price is $8.93. 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 data on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $119.00 million during 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 quarterly revenue was up 146.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. Equities research analysts expect that Cousins Properties Incorporated will post $0.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Monday, October 2nd were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Friday, September 29th. Cousins Properties’s payout ratio is presently 42.11%.

Several research analysts have commented on the company. BidaskClub upgraded Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Stifel Nicolaus upgraded Cousins Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.50 to $10.50 in a research report on Tuesday, August 1st. Bank of America Corporation lifted their price target on Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, October 3rd. ValuEngine upgraded Cousins Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Finally, Zacks Investment Research downgraded Cousins Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $10.10.

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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.

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

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