Jane Street Group LLC Has $506,000 Holdings in Cousins Properties Inc (CUZ)
Jane Street Group LLC boosted its stake in Cousins Properties Inc (NYSE:CUZ) by 337.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,156 shares of the real estate investment trust’s stock after purchasing an additional 41,785 shares during the quarter. Jane Street Group LLC’s holdings in Cousins Properties were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Timber Hill LLC bought a new position in Cousins Properties in the 2nd quarter worth about $118,000. Zeke Capital Advisors LLC bought a new position in Cousins Properties in the 3rd quarter worth about $126,000. Advisor Group Inc. boosted its stake in 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 worth $128,000 after purchasing an additional 4,183 shares during the period. Riverhead Capital Management LLC boosted its stake in 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 worth $197,000 after purchasing an additional 10,900 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Cousins Properties in the 3rd quarter worth about $202,000.
In other Cousins Properties news, insider S Taylor Glover sold 74,351 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total value of $699,642.91. Following the sale, the insider now owns 485,284 shares of the company’s stock, valued at approximately $4,566,522.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.14% of the company’s stock.
CUZ has been the subject of several analyst reports. Zacks Investment Research upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Bank of America upgraded Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, December 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $10.50 price target on shares of Cousins Properties in a report on Thursday, September 21st. ValuEngine raised Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $10.00 price target on shares of Cousins Properties in a report on Monday, October 2nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $10.10.
Shares of Cousins Properties Inc (NYSE CUZ) opened at $9.49 on Friday. Cousins Properties Inc has a 1-year low of $7.81 and a 1-year high of $9.59. The firm has a market capitalization of $3,986.00, a PE ratio of 15.06 and a beta of 1.09. 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 released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The business had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $113.51 million. During the same period in the previous year, the business earned $0.22 EPS. The business’s revenue was up 132.4% on a year-over-year basis. equities research analysts forecast that Cousins Properties Inc will post 0.61 earnings per share for the current year.
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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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