Shelton Capital Management trimmed its position in Cousins Properties Inc (NYSE:CUZ) by 99.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 245 shares of the real estate investment trust’s stock after selling 25,116 shares during the period. Shelton Capital Management’s holdings in Cousins Properties were worth $25,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CUZ. Weiss Multi Strategy Advisers LLC acquired a new stake in Cousins Properties in the fourth quarter worth approximately $42,660,000. Norges Bank bought a new position in shares of Cousins Properties in the fourth quarter valued at $37,742,000. JPMorgan Chase & Co. increased its holdings in shares of Cousins Properties by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 15,592,986 shares of the real estate investment trust’s stock valued at $150,628,000 after buying an additional 4,367,872 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Cousins Properties in the fourth quarter valued at $31,991,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Cousins Properties by 19.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 12,617,044 shares of the real estate investment trust’s stock valued at $99,674,000 after buying an additional 2,043,132 shares in the last quarter.

Shares of NYSE:CUZ opened at $9.05 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.15. Cousins Properties Inc has a 12-month low of $7.53 and a 12-month high of $10.10. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 3.35 and a beta of 0.98.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Cousins Properties had a net margin of 20.18% and a return on equity of 3.49%. The company had revenue of $123.30 million for the quarter, compared to the consensus estimate of $122.55 million. During the same period in the previous year, the business earned $0.15 EPS. The company’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts forecast that Cousins Properties Inc will post 0.73 earnings per share for the current fiscal year.

CUZ has been the topic of several research reports. Bank of America set a $11.00 price target on Cousins Properties and gave the company a “buy” rating in a report on Tuesday, March 5th. Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $10.67.

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About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

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

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