OTA Financial Group L.P. bought a new stake in Cousins Properties Inc (NYSE:CUZ) in the first quarter, Holdings Channel reports. The firm bought 277,447 shares of the real estate investment trust’s stock, valued at approximately $2,680,000. Cousins Properties comprises 1.9% of OTA Financial Group L.P.’s holdings, making the stock its 8th largest holding.

Several other institutional investors have also made changes to their positions in CUZ. JOYN Advisors Inc. increased its position in shares of Cousins Properties by 157.2% during the 4th quarter. JOYN Advisors Inc. now owns 3,449 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 2,108 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Cousins Properties during the first quarter valued at $36,000. Trustcore Financial Services LLC purchased a new stake in Cousins Properties during the first quarter valued at $46,000. Quadrant Capital Group LLC increased its position in Cousins Properties by 3,761.0% during the first quarter. Quadrant Capital Group LLC now owns 9,498 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 9,252 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Cousins Properties by 11.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,373 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 1,255 shares during the last quarter.

Shares of CUZ opened at $9.74 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 3.36 and a beta of 0.96. Cousins Properties Inc has a 52 week low of $7.53 and a 52 week high of $10.10.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $123.30 million during the quarter, compared to analysts’ expectations of $122.55 million. Cousins Properties had a return on equity of 3.49% and a net margin of 20.18%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 earnings per share. As a group, research analysts anticipate that Cousins Properties Inc will post 0.73 earnings per share for the current fiscal year.

CUZ has been the subject of a number of research reports. Bank of America set a $11.00 price objective on Cousins Properties and gave the company a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded Cousins Properties from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $10.67.

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Cousins Properties Profile

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

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

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