Cousins Properties Incorporated (CUZ) Position Held by 1832 Asset Management L.P., Report finds

Cousins Properties Incorporated (CUZ) Position Held by 1832 Asset Management L.P., Report finds

1832 Asset Management L.P. held its stake in Cousins Properties Incorporated (NYSE:CUZ) during the third quarter, Holdings Channel reports. The firm owned 305,000 shares of the real estate investment trust’s stock at the end of the third quarter. 1832 Asset Management L.P. owned approximately 0.08% of Cousins Properties worth $3,184,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Breton Hill Capital Ltd. boosted its position in shares of Cousins Properties by 47.4% in the third quarter. Breton Hill Capital Ltd. now owns 67,656 shares of the real estate investment trust’s stock worth $706,000 after buying an additional 21,757 shares during the period. Duff & Phelps Investment Management Co. boosted its position in shares of Cousins Properties by 3.4% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,397,549 shares of the real estate investment trust’s stock worth $25,031,000 after buying an additional 78,349 shares during the period. Macquarie Group Ltd. boosted its position in shares of Cousins Properties by 0.9% in the second quarter. Macquarie Group Ltd. now owns 251,250 shares of the real estate investment trust’s stock worth $2,613,000 after buying an additional 2,250 shares during the period. Royal Bank of Canada boosted its position in shares of Cousins Properties by 1,058.0% in the second quarter. Royal Bank of Canada now owns 47,839 shares of the real estate investment trust’s stock worth $497,000 after buying an additional 43,708 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Cousins Properties by 5.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,878,924 shares of the real estate investment trust’s stock worth $19,541,000 after buying an additional 90,422 shares during the period. Institutional investors and hedge funds own 62.19% of the company’s stock.

Cousins Properties Incorporated (NYSE:CUZ) traded down 0.35% during mid-day trading on Wednesday, hitting $8.55. The company had a trading volume of 2,268,235 shares. The stock has a 50 day moving average price of $8.45 and a 200-day moving average price of $7.88. Cousins Properties Incorporated has a 1-year low of $5.31 and a 1-year high of $8.77. The stock has a market capitalization of $3.36 billion, a PE ratio of 18.43 and a beta of 1.06.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $114.29 million for the quarter, compared to analysts’ expectations of $100.16 million. Cousins Properties had a net margin of 26.58% and a return on equity of 5.91%. The business’s quarterly revenue was up 135.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, analysts forecast that Cousins Properties Incorporated will post $0.20 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Shareholders of record on Friday, January 13th were paid a $0.06 dividend. The ex-dividend date was Wednesday, January 11th. This represents a $0.24 annualized dividend and a yield of 2.81%. This is a boost from Cousins Properties’s previous quarterly dividend of $0.06. Cousins Properties’s payout ratio is presently 50.00%.

A number of brokerages have recently issued reports on CUZ. Zacks Investment Research cut Cousins Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. Stifel Nicolaus raised Cousins Properties from a “sell” rating to a “hold” rating and reduced their price objective for the company from $9.50 to $8.00 in a research note on Monday, October 17th. They noted that the move was a valuation call.

About Cousins Properties

Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. 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.

Want to see what other hedge funds are holding CUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cousins Properties Incorporated (NYSE:CUZ).

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Cousins Properties Incorporated (CUZ) Position Held by 1832 Asset Management L.P.

Cousins Properties Incorporated (CUZ) Position Held by 1832 Asset Management L.P.

1832 Asset Management L.P. held its stake in Cousins Properties Incorporated (NYSE:CUZ) during the third quarter, Holdings Channel reports. The firm owned 305,000 shares of the real estate investment trust’s stock at the end of the third quarter. 1832 Asset Management L.P. owned approximately 0.08% of Cousins Properties worth $3,184,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Breton Hill Capital Ltd. boosted its position in shares of Cousins Properties by 47.4% in the third quarter. Breton Hill Capital Ltd. now owns 67,656 shares of the real estate investment trust’s stock worth $706,000 after buying an additional 21,757 shares during the period. Duff & Phelps Investment Management Co. boosted its position in shares of Cousins Properties by 3.4% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,397,549 shares of the real estate investment trust’s stock worth $25,031,000 after buying an additional 78,349 shares during the period. Macquarie Group Ltd. boosted its position in shares of Cousins Properties by 0.9% in the second quarter. Macquarie Group Ltd. now owns 251,250 shares of the real estate investment trust’s stock worth $2,613,000 after buying an additional 2,250 shares during the period. Royal Bank of Canada boosted its position in shares of Cousins Properties by 1,058.0% in the second quarter. Royal Bank of Canada now owns 47,839 shares of the real estate investment trust’s stock worth $497,000 after buying an additional 43,708 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Cousins Properties by 5.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,878,924 shares of the real estate investment trust’s stock worth $19,541,000 after buying an additional 90,422 shares during the period. Institutional investors and hedge funds own 62.19% of the company’s stock.

Cousins Properties Incorporated (NYSE:CUZ) traded down 0.35% during mid-day trading on Wednesday, hitting $8.55. The company had a trading volume of 2,268,235 shares. The stock has a 50 day moving average price of $8.45 and a 200-day moving average price of $7.88. Cousins Properties Incorporated has a 1-year low of $5.31 and a 1-year high of $8.77. The stock has a market capitalization of $3.36 billion, a PE ratio of 18.43 and a beta of 1.06.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $114.29 million for the quarter, compared to analysts’ expectations of $100.16 million. Cousins Properties had a net margin of 26.58% and a return on equity of 5.91%. The business’s quarterly revenue was up 135.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, analysts forecast that Cousins Properties Incorporated will post $0.20 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Shareholders of record on Friday, January 13th were paid a $0.06 dividend. The ex-dividend date was Wednesday, January 11th. This represents a $0.24 annualized dividend and a yield of 2.81%. This is a boost from Cousins Properties’s previous quarterly dividend of $0.06. Cousins Properties’s payout ratio is presently 50.00%.

A number of brokerages have recently issued reports on CUZ. Zacks Investment Research cut Cousins Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. Stifel Nicolaus raised Cousins Properties from a “sell” rating to a “hold” rating and reduced their price objective for the company from $9.50 to $8.00 in a research note on Monday, October 17th. They noted that the move was a valuation call.

About Cousins Properties

Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. 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.

Want to see what other hedge funds are holding CUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cousins Properties Incorporated (NYSE:CUZ).

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Leave a Comment