Advisors Asset Management Inc. decreased its stake in Cousins Properties Incorporated (NYSE:CUZ) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,926 shares of the real estate investment trust’s stock after selling 5,350 shares during the period. Advisors Asset Management Inc.’s holdings in Cousins Properties were worth $984,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in CUZ. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Cousins Properties by 23.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 66,572 shares of the real estate investment trust’s stock valued at $551,000 after buying an additional 12,718 shares in the last quarter. Jennison Associates LLC boosted its position in Cousins Properties by 26.1% in the first quarter. Jennison Associates LLC now owns 2,084,904 shares of the real estate investment trust’s stock valued at $17,242,000 after buying an additional 431,070 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Cousins Properties by 25.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 148,346 shares of the real estate investment trust’s stock valued at $1,227,000 after buying an additional 30,500 shares during the period. Glen Harbor Capital Management LLC boosted its position in Cousins Properties by 46.6% in the first quarter. Glen Harbor Capital Management LLC now owns 14,388 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 4,576 shares during the period. Finally, Profund Advisors LLC boosted its position in Cousins Properties by 5.1% in the first quarter. Profund Advisors LLC now owns 88,881 shares of the real estate investment trust’s stock valued at $735,000 after buying an additional 4,291 shares during the period.

Shares of Cousins Properties Incorporated (NYSE:CUZ) opened at 9.11 on Wednesday. Cousins Properties Incorporated has a 52 week low of $7.09 and a 52 week high of $11.40. The firm has a market cap of $3.83 billion, a P/E ratio of 14.62 and a beta of 1.07. The company’s 50-day moving average price is $9.04 and its 200 day moving average price is $8.65.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The business had revenue of $119 million for the quarter, compared to analyst estimates of $114.68 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Cousins Properties’s quarterly revenue was up 146.4% on a year-over-year basis. On average, equities analysts anticipate that Cousins Properties Incorporated will post $0.45 earnings per share for the current year.

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Several equities analysts have commented on CUZ shares. Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, July 5th. ValuEngine cut Cousins Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Robert W. Baird upgraded Cousins Properties from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $9.00 to $10.00 in a research report on Tuesday, May 16th. BidaskClub lowered Cousins Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus upgraded Cousins Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $8.50 to $10.50 in a research report on Tuesday, August 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $10.17.

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.

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

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