Eii Capital Management Inc. Acquires Shares of 108,373 Cousins Properties Inc (CUZ)
Eii Capital Management Inc. acquired a new position in shares of Cousins Properties Inc (NYSE:CUZ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 108,373 shares of the real estate investment trust’s stock, valued at approximately $1,012,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. World Asset Management Inc raised its holdings in Cousins Properties by 5.0% during the 2nd quarter. World Asset Management Inc now owns 26,474 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 1,265 shares during the period. Great West Life Assurance Co. Can raised its holdings in Cousins Properties by 0.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 452,565 shares of the real estate investment trust’s stock worth $3,973,000 after buying an additional 2,260 shares during the period. Arizona State Retirement System raised its holdings in Cousins Properties by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 176,600 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 2,600 shares during the period. Macquarie Group Ltd. raised its holdings in Cousins Properties by 1.9% during the 2nd quarter. Macquarie Group Ltd. now owns 172,360 shares of the real estate investment trust’s stock worth $1,515,000 after buying an additional 3,250 shares during the period. Finally, ETRADE Capital Management LLC grew its stake in Cousins Properties by 4.7% during the 2nd quarter. ETRADE Capital Management LLC now owns 79,257 shares of the real estate investment trust’s stock valued at $697,000 after acquiring an additional 3,555 shares in the last quarter.
Several equities analysts have weighed in on CUZ shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $10.50 target price on shares of Cousins Properties in a research note on Thursday, September 21st. Bank of America boosted their price target on Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, October 3rd. Zacks Investment Research raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine raised Cousins Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. Finally, SunTrust Banks reissued a “buy” rating and issued a $10.00 price target on shares of Cousins Properties in a research note on Monday, October 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $10.10.
Shares of Cousins Properties Inc (CUZ) opened at $9.44 on Thursday. The company has a market capitalization of $3,969.19, a P/E ratio of 15.00 and a beta of 1.09. Cousins Properties Inc has a 12 month low of $7.81 and a 12 month high of $9.59. 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 (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). The firm had revenue of $113.20 million during the quarter, compared to the consensus estimate of $113.51 million. Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The company’s quarterly revenue was up 132.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. research analysts expect that Cousins Properties Inc will post 0.61 earnings per share for the current year.
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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