Economy

Cousins Properties Incorporated (CUZ) Holdings Boosted by South Dakota Investment Council

The value of the investment in Cousins Properties Incorporated went from $70,000 to $110,000 a change of 57.1% for the reporting period. The company presently has an average rating of "Buy" and a consensus price target of $10.17. Stifel Nicolaus' price target suggests a potential upside of 12.66% from the company's previous close.

A number of equities research analysts have commented on the company. The stock of Cousins Properties Inc (NYSE:CUZ) has "Buy" rating given on Tuesday, August 1 by Stifel Nicolaus.

Based on the latest notes released to investors, 2 analysts have issued a rating of "buy", 1 analysts "outperform", 3 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Finally, Zacks Investment Research upgraded shares of Cousins Properties from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a research report on Wednesday, July 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Breton Hill Limited accumulated 10,000 shares or 0.02% of the stock.

The company's P/E ratio is 14.96 and market capitalization is 3.91B. The stock's 50 day moving average price is $9.22 and its 200-day moving average price is $8.73. Cousins Properties Incorporated has a 52-week low of 7.09 and a 52-week high of 10.86. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.15 by $0.01. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. During the same period in the prior year, the company posted $0.21 EPS. Cousins Properties's revenue for the quarter was up 135.5% compared to the same quarter past year.

Cousins Properties Incorporated was upgraded to "buy" by analysts at Stifel Nicolaus.

11/24/2015 - Cousins Properties Incorporated had its "neutral" rating reiterated by analysts at JP Morgan. If you are accessing this story on another website, it was stolen and reposted in violation of United States & worldwide copyright & trademark legislation. The legal version of this piece of content can be accessed at https://www.truebluetribune.com/2017/09/20/south-dakota-investment-council-has-1-55-million-position-in-cousins-properties-incorporated-cuz.html.

Shares of Cousins Properties Incorporated (NYSE:CUZ) opened at 9.32 on Thursday. Glen Harbor Capital Management LLC boosted its position in shares of Cousins Properties by 46.6% in the first quarter. BlackRock Fund Advisors now owns 15,768,098 shares of the real estate investment trust's stock worth $164,619,000 after buying an additional 1,662,936 shares during the last quarter. It is positive, as 23 investors sold Cousins Properties Inc shares while 34 reduced holdings. Nisa Investment Advisors LLC now owns 24,208 shares of the real estate investment trust's stock worth $200,000 after buying an additional 1,044 shares during the period. Princeton Alpha Management LP acquired a new stake in Cousins Properties in the first quarter valued at $232,000. Great West Life Assurance Can has an ownership of 450,305 stocks of the real estate investment trust's shares valued $3,719,000 following purchasing an extra 28,188 shares through out the quarter. Oppenheimer Asset Mgmt holds 0.02% in Cousins Properties Inc (NYSE:CUZ) or 64,735 shares. Schwab Charles Investment Management Inc. now owns 4,027,914 shares of the real estate investment trust's stock valued at $35,406,000 after acquiring an additional 357,889 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Cousins Properties by 9.8% in the second quarter. Commerzbank Aktiengesellschaft FI has an ownership of 12,553 stocks of the real estate investment trust's shares valued $104,000 following purchasing an extra 1,545 shares through out the quarter.

Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company's divisions include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. The Company's investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.



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