Fmr LLC Boosts Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Fmr LLC raised its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 69.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,161 shares of the real estate investment trust’s stock after purchasing an additional 7,877 shares during the period. Fmr LLC’s holdings in Cousins Properties were worth $565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its stake in Cousins Properties by 3,768.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after acquiring an additional 2,276,986 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Cousins Properties by 368.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock valued at $23,052,000 after purchasing an additional 615,118 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Cousins Properties by 3.9% during the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock worth $357,910,000 after purchasing an additional 458,387 shares during the last quarter. Marshall Wace LLP grew its stake in Cousins Properties by 92.8% in the second quarter. Marshall Wace LLP now owns 853,456 shares of the real estate investment trust’s stock worth $19,758,000 after purchasing an additional 410,726 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Cousins Properties by 297.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 522,712 shares of the real estate investment trust’s stock worth $15,409,000 after purchasing an additional 391,348 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on CUZ shares. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Truist Financial lifted their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird increased their target price on shares of Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Finally, Barclays boosted their price objective on shares of Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.14.

Cousins Properties Price Performance

NYSE CUZ opened at $29.38 on Thursday. The company has a 50-day moving average price of $31.00 and a two-hundred day moving average price of $27.87. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 89.03, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The business had revenue of $209.21 million during the quarter, compared to the consensus estimate of $212.54 million. During the same period last year, the company earned $0.65 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts forecast that Cousins Properties Incorporated will post 2.68 EPS for the current year.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.