Cousins Properties Incorporated (CUZ) Holdings Raised by Amalgamated Bank
Amalgamated Bank raised its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 20.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,425 shares of the real estate investment trust’s stock after acquiring an additional 9,730 shares during the quarter. Amalgamated Bank’s holdings in Cousins Properties were worth $514,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in CUZ. BlackRock Inc. lifted its holdings in Cousins Properties by 7,631.5% in the first quarter. BlackRock Inc. now owns 50,398,142 shares of the real estate investment trust’s stock valued at $416,791,000 after acquiring an additional 49,746,289 shares during the period. Vanguard Group Inc. lifted its holdings in Cousins Properties by 20.8% in the first quarter. Vanguard Group Inc. now owns 65,875,457 shares of the real estate investment trust’s stock valued at $544,790,000 after acquiring an additional 11,347,714 shares during the period. Nuveen Asset Management LLC lifted its holdings in Cousins Properties by 465.1% in the first quarter. Nuveen Asset Management LLC now owns 6,859,444 shares of the real estate investment trust’s stock valued at $56,728,000 after acquiring an additional 5,645,530 shares during the period. Prudential Financial Inc. lifted its holdings in Cousins Properties by 1,045.9% in the second quarter. Prudential Financial Inc. now owns 3,407,185 shares of the real estate investment trust’s stock valued at $29,949,000 after acquiring an additional 3,109,844 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Cousins Properties by 10.8% in the second quarter. Daiwa Securities Group Inc. now owns 24,258,089 shares of the real estate investment trust’s stock valued at $213,228,000 after acquiring an additional 2,356,643 shares during the period.
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Cousins Properties Incorporated (NYSE CUZ) opened at 9.51 on Thursday. The firm has a market cap of $3.99 billion, a P/E ratio of 15.26 and a beta of 1.06. The stock’s 50 day moving average price is $9.27 and its 200 day moving average price is $8.82. Cousins Properties Incorporated has a 1-year low of $7.09 and a 1-year high of $10.18.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The business had revenue of $119.00 million during the quarter, compared to analyst estimates of $114.68 million. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The company’s revenue was up 146.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Equities research analysts predict that Cousins Properties Incorporated will post $0.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Monday, October 2nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 2.52%. Cousins Properties’s dividend payout ratio (DPR) is 42.11%.
A number of equities research analysts have commented on the company. BidaskClub raised Cousins Properties from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Stifel Nicolaus raised Cousins Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $8.50 to $10.50 in a report on Tuesday, August 1st. Bank of America Corporation raised their target price on Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday. SunTrust Banks, Inc. reissued a “buy” rating and issued a $10.00 target price on shares of Cousins Properties in a report on Monday. Finally, Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average 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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