First Quadrant L P CA Has $116,000 Position in Cousins Properties Inc. (CUZ)
First Quadrant L P CA reduced its position in shares of Cousins Properties Inc. (NYSE:CUZ) by 59.9% during the second quarter, Holdings Channel reports. The firm owned 11,200 shares of the real estate investment trust’s stock after selling 16,700 shares during the period. First Quadrant L P CA’s holdings in Cousins Properties were worth $116,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. increased its position in shares of Cousins Properties by 38.2% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 1,303,783 shares of the real estate investment trust’s stock worth $13,559,000 after buying an additional 360,575 shares during the period. NN Investment Partners Holdings N.V. increased its stake in shares of Cousins Properties by 15.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 94,280 shares of the real estate investment trust’s stock valued at $981,000 after buying an additional 12,415 shares during the last quarter. Breton Hill Capital Ltd. bought a new stake in shares of Cousins Properties during the second quarter valued at approximately $477,000. BNP Paribas Arbitrage SA increased its stake in shares of Cousins Properties by 121.8% in the second quarter. BNP Paribas Arbitrage SA now owns 63,403 shares of the real estate investment trust’s stock valued at $659,000 after buying an additional 34,823 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Cousins Properties during the first quarter valued at approximately $360,000. 99.72% of the stock is owned by institutional investors.
Cousins Properties Inc. (NYSE:CUZ) traded down 0.28% during mid-day trading on Friday, reaching $10.83. 4,979,092 shares of the company’s stock were exchanged. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 16.36 and a beta of 1.26. The company has a 50-day moving average of $10.70 and a 200-day moving average of $10.46. Cousins Properties Inc. has a 52-week low of $7.53 and a 52-week high of $11.40.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Cousins Properties had a return on equity of 8.41% and a net margin of 37.51%. The business had revenue of $92.70 million for the quarter, compared to analyst estimates of $89.52 million. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s quarterly revenue was down 5.3% on a year-over-year basis. Equities research analysts anticipate that Cousins Properties Inc. will post $0.87 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.32 annualized dividend and a yield of 2.95%. Cousins Properties’s payout ratio is 47.76%.
Several analysts recently commented on CUZ shares. Zacks Investment Research raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 26th. Robert W. Baird downgraded shares of Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 target price for the company. in a report on Wednesday, August 17th.
Cousins Properties Company Profile
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.
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