Aperio Group LLC Has $2.16 Million Position in Cousins Properties Incorporated (CUZ)
Aperio Group LLC increased its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 14.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 231,315 shares of the real estate investment trust’s stock after buying an additional 29,097 shares during the period. Aperio Group LLC owned 0.06% of Cousins Properties worth $2,160,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Timber Hill LLC bought a new position in Cousins Properties in the 2nd quarter worth approximately $118,000. Advisor Group Inc. boosted its holdings in Cousins Properties by 40.3% in the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 4,183 shares during the period. Oakbrook Investments LLC boosted its holdings 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 worth $136,000 after buying an additional 300 shares during the period. Riverhead Capital Management LLC boosted its holdings in Cousins Properties by 94.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 22,400 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 10,900 shares during the period. Finally, US Bancorp DE boosted its holdings in Cousins Properties by 207.3% in the 2nd quarter. US Bancorp DE now owns 24,357 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 16,432 shares during the period.
Cousins Properties Incorporated (CUZ) opened at $9.20 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. Cousins Properties Incorporated has a fifty-two week low of $7.57 and a fifty-two week high of $9.59. The company has a market cap of $3,838.99, a price-to-earnings ratio of 14.51 and a beta of 1.10.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The firm had revenue of $113.20 million during the quarter, compared to the consensus estimate of $113.51 million. During the same period in the previous year, the business earned $0.22 earnings per share. The firm’s revenue for the quarter was up 132.4% on a year-over-year basis. equities research analysts anticipate that Cousins Properties Incorporated will post 0.61 earnings per share for the current year.
Several research firms recently commented on CUZ. ValuEngine raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Bank of America Corporation raised their price objective on shares of Cousins Properties from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, October 3rd. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Cousins Properties in a report on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $10.50 price target on shares of Cousins Properties in a report on Thursday, September 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Cousins Properties has a consensus rating of “Buy” and a consensus price target of $10.10.
About Cousins Properties
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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