Prospector Partners LLC boosted its holdings in shares of Cousins Properties Inc (NYSE:CUZ) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,750 shares of the real estate investment trust’s stock after buying an additional 9,100 shares during the period. Prospector Partners LLC owned about 0.12% of Cousins Properties worth $4,882,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of CUZ. BlackRock Inc. boosted its stake in shares of Cousins Properties by 7.1% in the 2nd quarter. BlackRock Inc. now owns 54,000,967 shares of the real estate investment trust’s stock valued at $474,666,000 after purchasing an additional 3,602,825 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Cousins Properties by 1,045.9% in the 2nd quarter. Prudential Financial Inc. now owns 3,407,185 shares of the real estate investment trust’s stock valued at $29,949,000 after purchasing an additional 3,109,844 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Cousins Properties by 1,941.7% in the 2nd quarter. Voya Investment Management LLC now owns 2,838,658 shares of the real estate investment trust’s stock valued at $24,951,000 after purchasing an additional 2,699,627 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Cousins Properties by 124.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,878,281 shares of the real estate investment trust’s stock valued at $25,301,000 after purchasing an additional 1,597,562 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Cousins Properties by 15.7% in the 2nd quarter. Northern Trust Corp now owns 10,382,467 shares of the real estate investment trust’s stock valued at $91,262,000 after purchasing an additional 1,411,479 shares in the last quarter.
Several equities research analysts have recently commented on CUZ shares. Zacks Investment Research upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $10.50 price target on shares of Cousins Properties in a report on Thursday, September 21st. Bank of America lifted their price target on Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, October 3rd. ValuEngine raised Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $10.00 price target on shares of Cousins Properties in a report on Monday, October 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Cousins Properties currently has a consensus rating of “Buy” and an average price target of $10.10.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). The firm had revenue of $113.20 million for the quarter, compared to the consensus estimate of $113.51 million. Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The business’s revenue for the quarter was up 132.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. research analysts predict that Cousins Properties Inc will post 0.61 EPS for the current fiscal year.
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Cousins Properties 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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