Teachers Retirement System of The State of Kentucky reduced its position in shares of Cousins Properties Inc (NYSE:CUZ) by 11.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,051 shares of the real estate investment trust’s stock after selling 10,900 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Cousins Properties were worth $747,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CUZ. Cbre Clarion Securities LLC purchased a new stake in Cousins Properties in the second quarter worth about $143,743,000. JPMorgan Chase & Co. lifted its holdings in Cousins Properties by 236.1% in the third quarter. JPMorgan Chase & Co. now owns 9,402,980 shares of the real estate investment trust’s stock worth $83,591,000 after buying an additional 6,605,516 shares during the period. Bank of New York Mellon Corp lifted its holdings in Cousins Properties by 28.6% in the second quarter. Bank of New York Mellon Corp now owns 9,341,948 shares of the real estate investment trust’s stock worth $90,522,000 after buying an additional 2,077,127 shares during the period. Macquarie Group Ltd. lifted its holdings in Cousins Properties by 1,338.2% in the second quarter. Macquarie Group Ltd. now owns 1,894,799 shares of the real estate investment trust’s stock worth $18,360,000 after buying an additional 1,763,049 shares during the period. Finally, BlackRock Inc. lifted its holdings in Cousins Properties by 2.0% in the second quarter. BlackRock Inc. now owns 59,096,690 shares of the real estate investment trust’s stock worth $572,646,000 after buying an additional 1,175,093 shares during the period.

Several analysts have commented on the stock. ValuEngine lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Zacks Investment Research upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Bank of America lowered their price objective on shares of Cousins Properties from $10.50 to $10.25 and set a “buy” rating for the company in a report on Monday, September 10th. Finally, TheStreet lowered shares of Cousins Properties from a “b-” rating to a “c+” rating in a report on Friday, October 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Cousins Properties currently has an average rating of “Buy” and a consensus target price of $9.81.

Shares of NYSE CUZ opened at $8.29 on Wednesday. Cousins Properties Inc has a fifty-two week low of $8.17 and a fifty-two week high of $9.88. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 4.43 and a beta of 0.90. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.38.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. Cousins Properties had a net margin of 19.01% and a return on equity of 3.12%. The business had revenue of $116.60 million during the quarter, compared to the consensus estimate of $115.91 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Cousins Properties Inc will post 0.62 EPS for the current year.

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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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