GSA Capital Partners LLP Takes Position in Cousins Properties Inc (CUZ)
GSA Capital Partners LLP bought a new stake in shares of Cousins Properties Inc (NYSE:CUZ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 147,865 shares of the real estate investment trust’s stock, valued at approximately $1,381,000.
A number of other hedge funds have also recently modified their holdings of CUZ. Timber Hill LLC bought a new position in shares of Cousins Properties during the second quarter valued at $118,000. Zeke Capital Advisors LLC purchased a new position in Cousins Properties during the 3rd quarter valued at approximately $126,000. Advisor Group Inc. lifted its stake in shares of Cousins Properties by 40.3% in the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 4,183 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Cousins Properties in the 3rd quarter valued at approximately $202,000. Finally, Riverhead Capital Management LLC lifted its stake in shares of Cousins Properties by 94.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 22,400 shares of the real estate investment trust’s stock valued at $197,000 after purchasing an additional 10,900 shares during the last quarter.
In related news, insider S Taylor Glover sold 74,351 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total transaction of $699,642.91. Following the completion of the sale, the insider now directly owns 485,284 shares of the company’s stock, valued at approximately $4,566,522.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.14% of the stock is currently owned by company insiders.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The business had revenue of $113.20 million for the quarter, compared to the consensus estimate of $113.51 million. During the same period in the prior year, the business posted $0.22 earnings per share. Cousins Properties’s revenue was up 132.4% on a year-over-year basis. analysts anticipate that Cousins Properties Inc will post 0.61 earnings per share for the current fiscal year.
Several research firms have recently issued reports on CUZ. Bank of America raised Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, December 4th. 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. SunTrust Banks reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Cousins Properties in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $10.50 price objective on shares of Cousins Properties in a research note on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $10.10.
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Cousins Properties Company Profile
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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