Teachers Insurance & Annuity Association of America reduced its position in shares of Cousins Properties Inc (NYSE:CUZ) by 86.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,741 shares of the real estate investment trust’s stock after selling 336,218 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in Cousins Properties were worth $1,907,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new stake in Cousins Properties during the 2nd quarter worth approximately $880,000. Trustcore Financial Services LLC acquired a new stake in shares of Cousins Properties during the first quarter worth $46,000. OTA Financial Group L.P. bought a new stake in shares of Cousins Properties in the first quarter valued at about $2,680,000. New York State Common Retirement Fund boosted its position in shares of Cousins Properties by 2.4% in the first quarter. New York State Common Retirement Fund now owns 977,807 shares of the real estate investment trust’s stock valued at $9,446,000 after acquiring an additional 22,911 shares during the period. Finally, Hanson McClain Inc. bought a new stake in shares of Cousins Properties in the second quarter valued at about $41,000. Hedge funds and other institutional investors own 92.99% of the company’s stock.

Shares of CUZ stock traded up $0.43 during trading on Wednesday, hitting $36.14. The company had a trading volume of 33,344 shares, compared to its average volume of 1,013,750. The firm has a market capitalization of $5.17 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 3.63 and a beta of 0.90. Cousins Properties Inc has a one year low of $30.12 and a one year high of $40.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50-day moving average price is $34.58 and its 200 day moving average price is $20.77.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Cousins Properties had a net margin of 10.61% and a return on equity of 1.71%. The business had revenue of $134.93 million during the quarter, compared to analyst estimates of $150.56 million. During the same period in the prior year, the business posted $0.15 EPS. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, research analysts anticipate that Cousins Properties Inc will post 2.89 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the stock. ValuEngine lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating and set a $36.00 price objective for the company. in a report on Monday, August 19th.

About Cousins Properties

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.

See Also: Understanding Specialty Certificates of Deposit

Want to see what other hedge funds are holding CUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cousins Properties Inc (NYSE:CUZ).

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

Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.