State of Tennessee Treasury Department cut its holdings in Cousins Properties Inc (NYSE:CUZ) by 17.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,962 shares of the real estate investment trust’s stock after selling 137,020 shares during the quarter. State of Tennessee Treasury Department’s holdings in Cousins Properties were worth $6,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc lifted its holdings in shares of Cousins Properties by 0.4% during the third quarter. Vanguard Group Inc now owns 62,027,124 shares of the real estate investment trust’s stock worth $551,421,000 after buying an additional 262,602 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Cousins Properties by 7.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 26,017 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 1,901 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Cousins Properties by 56.8% in the fourth quarter. Rhumbline Advisers now owns 1,361,650 shares of the real estate investment trust’s stock valued at $10,757,000 after purchasing an additional 493,184 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of Cousins Properties by 27.9% in the fourth quarter. First Mercantile Trust Co. now owns 8,330 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,815 shares in the last quarter. Finally, ClariVest Asset Management LLC raised its stake in shares of Cousins Properties by 0.9% in the fourth quarter. ClariVest Asset Management LLC now owns 173,000 shares of the real estate investment trust’s stock valued at $1,367,000 after purchasing an additional 1,500 shares in the last quarter.

Shares of NYSE CUZ traded up $0.15 during trading hours on Wednesday, reaching $9.45. The stock had a trading volume of 228,033 shares, compared to its average volume of 5,907,725. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 3.50 and a beta of 0.96. Cousins Properties Inc has a twelve month low of $7.53 and a twelve month high of $10.10.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $123.30 million during the quarter, compared to analyst estimates of $122.55 million. Cousins Properties had a return on equity of 3.49% and a net margin of 20.18%. Cousins Properties’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. On average, 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 recent research reports. Bank of America set a $11.00 target price on Cousins Properties and gave the company a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research upgraded Cousins Properties from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.67.

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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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