UBS Group AG cut its holdings in shares of Cousins Properties Inc (NYSE:CUZ) by 46.0% during the first quarter, HoldingsChannel.com reports. The fund owned 176,428 shares of the real estate investment trust’s stock after selling 150,346 shares during the period. UBS Group AG’s holdings in Cousins Properties were worth $5,164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sunbelt Securities Inc. purchased a new position in Cousins Properties during the fourth quarter worth about $3,574,000. Prime Capital Investment Advisors LLC raised its stake in Cousins Properties by 243.7% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 708 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 502 shares during the period. Orion Portfolio Solutions LLC purchased a new position in Cousins Properties during the fourth quarter worth about $29,000. Verus Capital Partners LLC purchased a new position in Cousins Properties during the fourth quarter worth about $39,000. Finally, Quadrant Capital Group LLC raised its stake in Cousins Properties by 540.4% during the fourth quarter. Quadrant Capital Group LLC now owns 999 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 843 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Cousins Properties stock opened at $27.16 on Friday. The company’s 50 day simple moving average is $28.85 and its 200-day simple moving average is $36.13. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 3.60 and a beta of 0.97. Cousins Properties Inc has a 1 year low of $21.15 and a 1 year high of $42.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.82 and a current ratio of 1.82.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.48. The business had revenue of $189.13 million for the quarter, compared to the consensus estimate of $183.92 million. Cousins Properties had a net margin of 40.35% and a return on equity of 6.55%. The business’s revenue was up 52.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 EPS. Equities analysts expect that Cousins Properties Inc will post 2.73 earnings per share for the current year.

A number of brokerages have commented on CUZ. Robert W. Baird lifted their target price on shares of Cousins Properties from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Stifel Nicolaus lifted their target price on shares of Cousins Properties from $26.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, April 3rd. ValuEngine downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Finally, TheStreet downgraded shares of Cousins Properties from a “b-” rating to a “c” rating in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $40.25.

In other Cousins Properties news, EVP Richard G. Iv Hickson acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $25.41 per share, for a total transaction of $63,525.00. 0.67% of the stock is currently owned by insiders.

Cousins Properties Profile

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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