Eaton Vance Management increased its position in Cousins Properties (NYSE:CUZ) by 17.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,703 shares of the real estate investment trust’s stock after purchasing an additional 12,984 shares during the period. Eaton Vance Management’s holdings in Cousins Properties were worth $744,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Cousins Properties by 4.6% in the fourth quarter. BlackRock Inc. now owns 57,131,287 shares of the real estate investment trust’s stock worth $528,463,000 after purchasing an additional 2,522,133 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Cousins Properties by 4.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 22,962,236 shares of the real estate investment trust’s stock worth $212,400,000 after purchasing an additional 1,066,008 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Cousins Properties by 95.0% in the fourth quarter. Bank of New York Mellon Corp now owns 11,603,704 shares of the real estate investment trust’s stock worth $107,335,000 after purchasing an additional 5,653,879 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Cousins Properties by 263.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,443,252 shares of the real estate investment trust’s stock worth $78,100,000 after purchasing an additional 6,122,947 shares in the last quarter. Finally, Virtus Fund Advisers LLC grew its stake in Cousins Properties by 7.9% in the fourth quarter. Virtus Fund Advisers LLC now owns 5,945,500 shares of the real estate investment trust’s stock worth $55,353,000 after purchasing an additional 435,900 shares in the last quarter.
Shares of Cousins Properties opened at $9.10 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.18 and a quick ratio of 2.18. Cousins Properties has a 52 week low of $8.23 and a 52 week high of $9.63. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 3.89 and a beta of 0.92.
Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. Cousins Properties had a return on equity of 8.07% and a net margin of 49.63%. The company had revenue of $113.35 million during the quarter, compared to the consensus estimate of $113.10 million. During the same period in the previous year, the firm posted $0.16 earnings per share. Cousins Properties’s quarterly revenue was up .7% compared to the same quarter last year. analysts predict that Cousins Properties will post 0.61 earnings per share for the current fiscal year.
CUZ has been the subject of a number of research reports. ValuEngine downgraded Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks set a $10.00 price target on Cousins Properties and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Wells Fargo & Co assumed coverage on Cousins Properties in a research note on Friday, April 20th. They issued a “market perform” rating and a $9.50 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $10.00.
Cousins Properties Company Profile
Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA, acting through its operating partnership, Cousins Properties LP, primarily invests in Class-A office towers located in high growth Sunbelt markets.
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