Cousins Properties Inc (CUZ) Stake Boosted by Texas Permanent School Fund

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Texas Permanent School Fund raised its holdings in shares of Cousins Properties Inc (NYSE:CUZ) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 285,435 shares of the real estate investment trust’s stock after purchasing an additional 10,340 shares during the period. Texas Permanent School Fund’s holdings in Cousins Properties were worth $2,757,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc increased its position in shares of Cousins Properties by 0.4% during the third quarter. Vanguard Group Inc now owns 62,027,124 shares of the real estate investment trust’s stock worth $551,421,000 after purchasing an additional 262,602 shares in the last quarter. BlackRock Inc. increased its position in shares of Cousins Properties by 2.0% during the fourth quarter. BlackRock Inc. now owns 61,661,774 shares of the real estate investment trust’s stock worth $487,127,000 after purchasing an additional 1,211,932 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Cousins Properties by 19.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 12,617,044 shares of the real estate investment trust’s stock worth $99,674,000 after purchasing an additional 2,043,132 shares in the last quarter. Northern Trust Corp increased its position in shares of Cousins Properties by 1.5% during the fourth quarter. Northern Trust Corp now owns 11,594,653 shares of the real estate investment trust’s stock worth $91,599,000 after purchasing an additional 176,273 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Cousins Properties by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 9,700,126 shares of the real estate investment trust’s stock worth $76,630,000 after purchasing an additional 48,160 shares in the last quarter.

Shares of NYSE CUZ traded up $0.08 during mid-day trading on Thursday, hitting $9.47. The stock had a trading volume of 65,982 shares, compared to its average volume of 5,704,622. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.15 and a quick ratio of 1.15. Cousins Properties Inc has a twelve month low of $7.53 and a twelve month high of $10.10. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 3.40 and a beta of 0.98.

Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Cousins Properties had a return on equity of 3.49% and a net margin of 20.18%. The firm had revenue of $123.30 million for the quarter, compared to the consensus estimate of $122.55 million. During the same period in the prior year, the firm earned $0.15 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. Research analysts expect that Cousins Properties Inc will post 0.73 earnings per share for the current year.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Wednesday. Bank of America set a $11.00 target price on Cousins Properties and gave the company a “buy” rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $10.67.

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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.

Further Reading: Fundamental Analysis – How It Helps Investors

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

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