State of Alaska Department of Revenue cut its holdings in Cousins Properties Inc (NYSE:CUZ) by 13.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,687 shares of the real estate investment trust’s stock after selling 20,756 shares during the period. State of Alaska Department of Revenue’s holdings in Cousins Properties were worth $1,196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Republic Investment Management Inc. acquired a new stake in shares of Cousins Properties in the second quarter valued at approximately $125,000. Verition Fund Management LLC acquired a new stake in shares of Cousins Properties in the first quarter valued at approximately $171,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Cousins Properties in the second quarter valued at approximately $198,000. Hartford Investment Management Co. acquired a new stake in shares of Cousins Properties in the second quarter valued at approximately $203,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Cousins Properties by 15,919.3% in the second quarter. CIBC Private Wealth Group LLC now owns 21,626 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 21,491 shares during the last quarter.

In related news, insider John S. Mccoll sold 14,333 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $9.26, for a total transaction of $132,723.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.94% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on CUZ shares. SunTrust Banks reiterated a “buy” rating and issued a $10.00 price objective on shares of Cousins Properties in a report on Thursday, July 26th. ValuEngine downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Bank of America lowered their target price on shares of Cousins Properties from $10.50 to $10.25 and set a “buy” rating on the stock in a report on Monday, September 10th. Zacks Investment Research upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, July 9th. Finally, TheStreet downgraded shares of Cousins Properties from a “b-” rating to a “c+” rating in a report on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.92.

Shares of CUZ opened at $8.37 on Friday. The firm has a market cap of $3.50 billion, a P/E ratio of 13.87, a PEG ratio of 4.11 and a beta of 0.93. Cousins Properties Inc has a 1-year low of $8.22 and a 1-year high of $9.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.97 and a current ratio of 1.97.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.10). The firm had revenue of $113.70 million for the quarter, compared to analyst estimates of $115.28 million. Cousins Properties had a return on equity of 2.86% and a net margin of 17.63%. Cousins Properties’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. On average, analysts predict that Cousins Properties Inc will post 0.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Wednesday, October 3rd were issued a dividend of $0.065 per share. The ex-dividend date was Tuesday, October 2nd. This represents a $0.26 dividend on an annualized basis and a yield of 3.11%. Cousins Properties’s payout ratio is 42.62%.

Cousins Properties Company 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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