Systematic Financial Management LP Sells 41,935 Shares of Cousins Properties Inc (NYSE:CUZ)
Systematic Financial Management LP lessened its holdings in shares of Cousins Properties Inc (NYSE:CUZ) by 97.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,265 shares of the real estate investment trust’s stock after selling 41,935 shares during the quarter. Systematic Financial Management LP’s holdings in Cousins Properties were worth $46,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of CUZ. Edge Wealth Management LLC acquired a new position in Cousins Properties during the second quarter valued at approximately $26,000. Legacy Bridge LLC acquired a new position in Cousins Properties during the second quarter valued at approximately $36,000. Hanson McClain Inc. acquired a new position in Cousins Properties during the second quarter valued at approximately $41,000. Sound Income Strategies LLC acquired a new position in Cousins Properties during the second quarter valued at approximately $41,000. Finally, FNY Investment Advisers LLC acquired a new position in Cousins Properties during the second quarter valued at approximately $80,000.
Several brokerages have commented on CUZ. ValuEngine downgraded Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01). The company had revenue of $134.93 million during the quarter, compared to analyst estimates of $150.56 million. Cousins Properties had a return on equity of 1.71% and a net margin of 10.61%. The company’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. On average, analysts anticipate that Cousins Properties Inc will post 2.89 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Wednesday, July 3rd were paid a $0.29 dividend. This is an increase from Cousins Properties’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $1.16 annualized dividend and a dividend yield of 3.38%. Cousins Properties’s dividend payout ratio (DPR) is presently 46.03%.
Cousins Properties Company Profile
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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