Macquarie Group Ltd. lessened its holdings in shares of Cousins Properties Inc (NYSE:CUZ) by 14.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 147,775 shares of the real estate investment trust’s stock after selling 24,585 shares during the quarter. Macquarie Group Ltd.’s holdings in Cousins Properties were worth $1,380,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Timber Hill LLC bought a new stake in shares of Cousins Properties in the 2nd quarter worth $118,000. Advisor Group Inc. raised 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 worth $128,000 after buying an additional 4,183 shares in the last quarter. Riverhead Capital Management LLC raised 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 worth $197,000 after buying an additional 10,900 shares in the last quarter. US Bancorp DE raised its stake in shares of Cousins Properties by 207.3% in the 2nd quarter. US Bancorp DE now owns 24,357 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 16,432 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Cousins Properties in the 2nd quarter worth $222,000.

A number of brokerages have recently issued reports on CUZ. Zacks Investment Research raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. ValuEngine raised Cousins Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. SunTrust Banks reaffirmed a “buy” rating and set a $10.00 target price on shares of Cousins Properties in a research report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $10.50 target price on shares of Cousins Properties in a research report on Thursday, September 21st. Finally, Bank of America raised Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Monday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $10.10.

Shares of Cousins Properties Inc (NYSE:CUZ) opened at $9.27 on Friday. The stock has a market capitalization of $3,855.79, a price-to-earnings ratio of 14.57 and a beta of 1.09. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. Cousins Properties Inc has a 52-week low of $7.81 and a 52-week high of $9.59.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $113.20 million for the quarter, compared to analyst estimates of $113.51 million. Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The firm’s revenue for the quarter was up 132.4% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. research analysts anticipate that Cousins Properties Inc will post 0.61 EPS for the current fiscal 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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Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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