Tolleson Wealth Management Inc. reduced its position in shares of Cousins Properties Inc (NYSE:CUZ) by 75.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,022 shares of the real estate investment trust’s stock after selling 108,066 shares during the period. Cousins Properties makes up approximately 0.9% of Tolleson Wealth Management Inc.’s investment portfolio, making the stock its 13th biggest position. Tolleson Wealth Management Inc.’s holdings in Cousins Properties were worth $1,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CUZ. Pflug Koory LLC acquired a new position in Cousins Properties during the 2nd quarter worth approximately $25,000. Edge Wealth Management LLC bought a new position in Cousins Properties in the second quarter valued at about $26,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Cousins Properties during the second quarter valued at about $26,000. Penserra Capital Management LLC acquired a new stake in shares of Cousins Properties during the first quarter valued at about $36,000. Finally, Legacy Bridge LLC bought a new stake in shares of Cousins Properties during the second quarter worth about $36,000. Hedge funds and other institutional investors own 92.99% of the company’s stock.

CUZ has been the subject of several recent research reports. Zacks Investment Research downgraded Cousins Properties from a “hold” rating to a “sell” rating and set a $36.00 price objective for the company. in a research note on Monday, August 19th. ValuEngine downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Shares of NYSE:CUZ traded up $0.47 during mid-day trading on Wednesday, reaching $36.18. 38,628 shares of the company’s stock were exchanged, compared to its average volume of 1,013,750. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 3.63 and a beta of 0.90. The business’s fifty day moving average price is $34.58 and its 200-day moving average price is $20.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.72 and a current ratio of 0.72. Cousins Properties Inc has a twelve month low of $30.12 and a twelve month high of $40.40.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). The company had revenue of $134.93 million during the quarter, compared to analyst estimates of $150.56 million. Cousins Properties had a net margin of 10.61% and a return on equity of 1.71%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. Analysts predict that Cousins Properties Inc will post 2.89 EPS for the current fiscal year.

About Cousins Properties

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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