Cramer Rosenthal Mcglynn LLC Has $57.02 Million Stock Holdings in Cousins Properties Inc (NYSE:CUZ)

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Cramer Rosenthal Mcglynn LLC cut its holdings in shares of Cousins Properties Inc (NYSE:CUZ) by 70.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,576,483 shares of the real estate investment trust’s stock after selling 3,827,112 shares during the period. Cousins Properties comprises approximately 1.6% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 16th largest position. Cramer Rosenthal Mcglynn LLC’s holdings in Cousins Properties were worth $57,021,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its position in Cousins Properties by 360.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 16,629 shares of the real estate investment trust’s stock worth $602,000 after buying an additional 13,016 shares during the period. HighTower Advisors LLC acquired a new stake in Cousins Properties during the 2nd quarter worth approximately $1,415,000. Natixis boosted its position in Cousins Properties by 27.2% during the 2nd quarter. Natixis now owns 24,035 shares of the real estate investment trust’s stock worth $869,000 after buying an additional 5,136 shares during the period. RVB Capital Management LLC acquired a new stake in Cousins Properties during the 2nd quarter worth approximately $7,596,000. Finally, Pacer Advisors Inc. acquired a new stake in Cousins Properties during the 2nd quarter worth approximately $1,512,000. Institutional investors and hedge funds own 92.99% of the company’s stock.

A number of brokerages have recently issued reports on CUZ. Zacks Investment Research downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating and set a $39.00 price target on the stock. in a research report on Thursday. ValuEngine downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Shares of NYSE CUZ traded up $0.14 during midday trading on Friday, reaching $36.16. The stock had a trading volume of 829 shares, compared to its average volume of 973,150. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 3.69 and a beta of 0.90. Cousins Properties Inc has a twelve month low of $30.12 and a twelve month high of $40.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.72 and a current ratio of 0.72. The company’s 50 day moving average price is $34.57 and its 200 day moving average price is $20.90.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). The firm had revenue of $134.93 million during the quarter, compared to analyst estimates of $150.56 million. Cousins Properties had a return on equity of 1.71% and a net margin of 10.61%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. Equities analysts forecast that Cousins Properties Inc will post 2.89 earnings per share for the current fiscal year.

Cousins Properties Company 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.

Further Reading: Recession

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

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