BlackRock Inc. boosted its position in shares of Cousins Properties Inc (NYSE:CUZ) by 4.6% in the fourth quarter, Holdings Channel reports. The fund owned 57,131,287 shares of the real estate investment trust’s stock after purchasing an additional 2,522,133 shares during the quarter. BlackRock Inc. owned about 0.14% of Cousins Properties worth $528,463,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Honeywell International Inc. purchased a new stake in Cousins Properties during the third quarter valued at $606,000. Scout Investments Inc. increased its position in Cousins Properties by 66.9% during the third quarter. Scout Investments Inc. now owns 2,623,707 shares of the real estate investment trust’s stock valued at $24,505,000 after acquiring an additional 1,051,965 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Cousins Properties during the third quarter valued at $1,381,000. Frontier Capital Management Co. LLC increased its position in Cousins Properties by 1.4% during the third quarter. Frontier Capital Management Co. LLC now owns 5,864,576 shares of the real estate investment trust’s stock valued at $54,775,000 after acquiring an additional 82,668 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Cousins Properties by 8.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 4,358,438 shares of the real estate investment trust’s stock valued at $40,708,000 after acquiring an additional 330,524 shares during the last quarter.
Shares of Cousins Properties Inc (NYSE CUZ) opened at $8.34 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market capitalization of $3,530.00, a PE ratio of 16.35, a price-to-earnings-growth ratio of 4.68 and a beta of 1.14. Cousins Properties Inc has a 1 year low of $7.81 and a 1 year high of $9.63.
In other Cousins Properties news, insider S Taylor Glover sold 74,351 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total value of $699,642.91. Following the completion of the sale, the insider now owns 485,284 shares in the company, valued at $4,566,522.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.14% of the company’s stock.
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.
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