UBS Asset Management Americas Inc. boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 15.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 784,988 shares of the real estate investment trust’s stock after purchasing an additional 107,521 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.19% of Cousins Properties worth $6,900,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quantitative Investment Management LLC acquired a new stake in Cousins Properties during the second quarter valued at approximately $5,878,000. Mutual of America Capital Management LLC lifted its stake in Cousins Properties by 3.6% during the second quarter. Mutual of America Capital Management LLC now owns 625,957 shares of the real estate investment trust’s stock valued at $5,502,000 after purchasing an additional 21,603 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Cousins Properties by 23.5% during the second quarter. New York State Common Retirement Fund now owns 435,987 shares of the real estate investment trust’s stock valued at $3,832,000 after purchasing an additional 82,999 shares during the last quarter. Teachers Insurance & Annuity Association of America lifted its stake in Cousins Properties by 17.7% during the second quarter. Teachers Insurance & Annuity Association of America now owns 414,681 shares of the real estate investment trust’s stock valued at $3,645,000 after purchasing an additional 62,250 shares during the last quarter. Finally, Kempen Capital Management N.V. acquired a new stake in Cousins Properties during the second quarter valued at approximately $1,239,000.

Shares of Cousins Properties Incorporated (NYSE CUZ) opened at 9.46 on Friday. The company has a 50 day moving average of $9.29 and a 200 day moving average of $8.84. The stock has a market cap of $3.97 billion, a P/E ratio of 15.18 and a beta of 1.06. Cousins Properties Incorporated has a 12 month low of $7.09 and a 12 month high of $9.57.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $114.68 million. During the same quarter last year, the firm earned $0.21 EPS. Cousins Properties’s quarterly revenue was up 146.4% compared to the same quarter last year. Equities research analysts expect that Cousins Properties Incorporated will post $0.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Monday, October 2nd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Friday, September 29th. Cousins Properties’s payout ratio is 42.11%.

Several analysts recently commented on CUZ shares. Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Wednesday, July 5th. BidaskClub lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. SunTrust Banks, Inc. reissued a “buy” rating and set a $10.00 target price on shares of Cousins Properties in a research note on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and set a $10.50 target price on shares of Cousins Properties in a research note on Thursday, September 21st. Finally, Bank of America Corporation increased their target price on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $10.10.

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Cousins Properties 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.

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

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