Great Lakes Advisors LLC Buys New Stake in Cousins Properties Inc (NYSE:CUZ)

Great Lakes Advisors LLC purchased a new stake in shares of Cousins Properties Inc (NYSE:CUZ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,623 shares of the real estate investment trust’s stock, valued at approximately $249,000.

Several other hedge funds have also recently modified their holdings of CUZ. Creative Financial Designs Inc. ADV acquired a new stake in Cousins Properties during the second quarter valued at $26,000. Pflug Koory LLC bought a new position in Cousins Properties during the second quarter valued at about $25,000. Edge Wealth Management LLC bought a new position in Cousins Properties during the second quarter valued at about $26,000. Parallel Advisors LLC bought a new position in Cousins Properties during the third quarter valued at about $35,000. Finally, Legacy Bridge LLC bought a new position in Cousins Properties during the second quarter valued at about $36,000. Institutional investors own 92.01% of the company’s stock.

NYSE CUZ opened at $39.98 on Monday. Cousins Properties Inc has a fifty-two week low of $30.12 and a fifty-two week high of $40.81. The stock’s 50-day moving average is $38.26 and its two-hundred day moving average is $29.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $5.83 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 3.68 and a beta of 0.89.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.55). The business had revenue of $180.83 million during the quarter, compared to the consensus estimate of $174.03 million. Cousins Properties had a return on equity of 1.55% and a net margin of 9.50%. The company’s revenue for the quarter was up 56.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, equities analysts expect that Cousins Properties Inc will post 2.96 EPS for the current year.

Several research firms have weighed in on CUZ. Wells Fargo & Co upgraded Cousins Properties from a “market perform” rating to an “outperform” rating and raised their target price for the company from $38.00 to $42.00 in a report on Thursday, September 19th. Zacks Investment Research lowered Cousins Properties from a “hold” rating to a “sell” rating and set a $39.00 target price on the stock. in a report on Thursday, September 12th. Stifel Nicolaus set a $42.00 target price on Cousins Properties and gave the company a “buy” rating in a report on Friday, October 25th. TheStreet upgraded Cousins Properties from a “c” rating to a “b-” rating in a report on Tuesday, November 12th. Finally, ValuEngine lowered Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.50.

Cousins Properties Profile

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.

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

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