GAM Holding AG boosted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 25.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 35,388 shares of the real estate investment trust’s stock after acquiring an additional 7,069 shares during the quarter. GAM Holding AG’s holdings in Cousins Properties were worth $311,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in CUZ. Commerzbank Aktiengesellschaft FI grew its stake in Cousins Properties by 14.0% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 12,553 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 1,545 shares during the period. Glen Harbor Capital Management LLC grew its stake in Cousins Properties by 46.6% in the 1st quarter. Glen Harbor Capital Management LLC now owns 14,388 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 4,576 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Cousins Properties in the 1st quarter valued at $121,000. Oakbrook Investments LLC grew its stake in Cousins Properties by 2.0% in the 2nd quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 300 shares during the period. Finally, Elkfork Partners LLC grew its stake in Cousins Properties by 46.6% in the 1st quarter. Elkfork Partners LLC now owns 18,312 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 5,824 shares during the period.
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CUZ has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, July 5th. BidaskClub cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus raised shares of Cousins Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.50 to $10.50 in a research note on Tuesday, August 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Cousins Properties currently has a consensus rating of “Buy” and a consensus price target of $10.17.
Cousins Properties Incorporated (NYSE:CUZ) opened at 9.24 on Friday. The firm has a 50-day moving average price of $9.19 and a 200-day moving average price of $8.71. Cousins Properties Incorporated has a one year low of $7.09 and a one year high of $10.99. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 14.83 and a beta of 1.06.
Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The company had revenue of $119.00 million for the quarter, compared to analyst estimates of $114.68 million. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. Cousins Properties’s revenue was up 146.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. On average, equities analysts predict that Cousins Properties Incorporated will post $0.45 earnings per share for the current year.
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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