Tower Research Capital LLC TRC boosted its stake in shares of Cousins Properties Inc. (NYSE:CUZ) by 16,922.4% during the second quarter, Holdings Channel reports. The fund owned 9,873 shares of the real estate investment trust’s stock after buying an additional 9,815 shares during the period. Tower Research Capital LLC TRC’s holdings in Cousins Properties were worth $103,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Systematic Financial Management LP raised its stake in shares of Cousins Properties by 4,510.8% in the second quarter. Systematic Financial Management LP now owns 8,821,996 shares of the real estate investment trust’s stock valued at $91,748,000 after buying an additional 8,630,661 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Cousins Properties during the second quarter valued at approximately $38,712,000. Deprince Race & Zollo Inc. purchased a new stake in shares of Cousins Properties during the second quarter valued at approximately $30,117,000. Renaissance Technologies LLC raised its stake in shares of Cousins Properties by 1,076.4% in the first quarter. Renaissance Technologies LLC now owns 1,413,119 shares of the real estate investment trust’s stock valued at $14,668,000 after buying an additional 1,293,000 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Cousins Properties by 70.3% in the second quarter. Daiwa Securities Group Inc. now owns 1,557,237 shares of the real estate investment trust’s stock valued at $16,195,000 after buying an additional 642,990 shares during the last quarter. Institutional investors own 99.72% of the company’s stock.
Cousins Properties Inc. (NYSE:CUZ) opened at 7.82 on Friday. Cousins Properties Inc. has a 1-year low of $7.19 and a 1-year high of $11.40. The company’s 50 day moving average is $10.24 and its 200-day moving average is $10.47. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 11.81 and a beta of 1.14.
Cousins Properties (NYSE:CUZ) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.01. Cousins Properties had a net margin of 37.51% and a return on equity of 8.41%. The business had revenue of $92.70 million for the quarter, compared to analyst estimates of $89.52 million. During the same quarter last year, the firm posted $0.21 earnings per share. Cousins Properties’s revenue was down 5.3% on a year-over-year basis. On average, analysts predict that Cousins Properties Inc. will post $0.86 EPS for the current fiscal year.
Several equities research analysts have commented on CUZ shares. Zacks Investment Research lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Stifel Nicolaus lowered shares of Cousins Properties from a “hold” rating to a “sell” rating and dropped their price target for the company from $11.50 to $9.50 in a research note on Thursday, September 29th. They noted that the move was a valuation call. Finally, Robert W. Baird lowered shares of Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $10.88.
About Cousins Properties
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.
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).
Receive News & Ratings for Cousins Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.