Argent Capital Management LLC Trims Position in Cousins Properties Incorporated (CUZ)

Argent Capital Management LLC decreased its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,325 shares of the real estate investment trust’s stock after selling 17,600 shares during the quarter. Argent Capital Management LLC owned about 0.06% of Cousins Properties worth $2,077,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CUZ. UBS Asset Management Americas Inc. raised its position in Cousins Properties by 27.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 677,467 shares of the real estate investment trust’s stock valued at $5,603,000 after purchasing an additional 144,447 shares during the last quarter. Karp Capital Management Corp acquired a new position in Cousins Properties in the 1st quarter valued at $1,005,000. Parametric Portfolio Associates LLC increased its stake in Cousins Properties by 120.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 608,266 shares of the real estate investment trust’s stock valued at $5,030,000 after buying an additional 332,910 shares during the period. JPMorgan Chase & Co. increased its stake in Cousins Properties by 7.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,452,033 shares of the real estate investment trust’s stock valued at $28,548,000 after buying an additional 246,389 shares during the period. Finally, SG Americas Securities LLC increased its stake in Cousins Properties by 170.6% in the 1st quarter. SG Americas Securities LLC now owns 51,516 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 32,479 shares during the period.

COPYRIGHT VIOLATION WARNING: “Argent Capital Management LLC Trims Position in Cousins Properties Incorporated (CUZ)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/09/argent-capital-management-llc-trims-position-in-cousins-properties-incorporated-cuz.html.

Several equities analysts have issued reports on the stock. Bank of America Corporation boosted their price objective on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, October 3rd. SunTrust Banks, Inc. reissued a “buy” rating and issued a $10.00 price objective on shares of Cousins Properties in a research note on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $10.50 price objective on shares of Cousins Properties in a research note on Thursday, September 21st. BidaskClub raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $10.10.

Shares of Cousins Properties Incorporated (NYSE:CUZ) traded up 0.42% during trading on Monday, reaching $9.50. 438,527 shares of the company’s stock traded hands. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 15.25 and a beta of 1.06. The company has a 50 day moving average of $9.29 and a 200-day moving average of $8.84. Cousins Properties Incorporated has a 1-year low of $7.09 and a 1-year high of $9.57.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $114.68 million. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The firm’s quarterly revenue was up 146.4% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. Equities analysts predict that Cousins Properties Incorporated will post $0.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Monday, October 2nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.54%. The ex-dividend

A number of other hedge funds have also added to or reduced their stakes in CUZ. UBS Asset Management Americas Inc. raised its position in Cousins Properties by 27.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 677,467 shares of the real estate investment trust’s stock valued at $5,603,000 after purchasing an additional 144,447 shares during the last quarter. Karp Capital Management Corp acquired a new position in Cousins Properties in the 1st quarter valued at $1,005,000. Parametric Portfolio Associates LLC increased its stake in Cousins Properties by 120.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 608,266 shares of the real estate investment trust’s stock valued at $5,030,000 after buying an additional 332,910 shares during the period. JPMorgan Chase & Co. increased its stake in Cousins Properties by 7.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,452,033 shares of the real estate investment trust’s stock valued at $28,548,000 after buying an additional 246,389 shares during the period. Finally, SG Americas Securities LLC increased its stake in Cousins Properties by 170.6% in the 1st quarter. SG Americas Securities LLC now owns 51,516 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 32,479 shares during the period.

COPYRIGHT VIOLATION WARNING: “Argent Capital Management LLC Trims Position in Cousins Properties Incorporated (CUZ)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/09/argent-capital-management-llc-trims-position-in-cousins-properties-incorporated-cuz.html.

Several equities analysts have issued reports on the stock. Bank of America Corporation boosted their price objective on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, October 3rd. SunTrust Banks, Inc. reissued a “buy” rating and issued a $10.00 price objective on shares of Cousins Properties in a research note on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $10.50 price objective on shares of Cousins Properties in a research note on Thursday, September 21st. BidaskClub raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $10.10.

Shares of Cousins Properties Incorporated (NYSE:CUZ) traded up 0.42% during trading on Monday, reaching $9.50. 438,527 shares of the company’s stock traded hands. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 15.25 and a beta of 1.06. The company has a 50 day moving average of $9.29 and a 200-day moving average of $8.84. Cousins Properties Incorporated has a 1-year low of $7.09 and a 1-year high of $9.57.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $114.68 million. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The firm’s quarterly revenue was up 146.4% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. Equities analysts predict that Cousins Properties Incorporated will post $0.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Monday, October 2nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Friday, September 29th. Cousins Properties’s payout ratio is 42.11%.

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

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