Cousins Properties Incorporated (CUZ) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 0.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,793,351 shares of the real estate investment trust’s stock after purchasing an additional 12,465 shares during the quarter. Principal Financial Group Inc. owned about 0.43% of Cousins Properties worth $16,749,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CUZ. Teachers Advisors LLC boosted its holdings in Cousins Properties by 7.2% in the first quarter. Teachers Advisors LLC now owns 592,101 shares of the real estate investment trust’s stock valued at $4,897,000 after purchasing an additional 39,830 shares in the last quarter. Bank of Montreal Can lifted its stake in Cousins Properties by 404.0% in the second quarter. Bank of Montreal Can now owns 640,118 shares of the real estate investment trust’s stock valued at $5,627,000 after buying an additional 513,119 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Cousins Properties by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 154,831 shares of the real estate investment trust’s stock valued at $1,361,000 after buying an additional 6,485 shares during the last quarter. LS Investment Advisors LLC lifted its stake in Cousins Properties by 18.5% in the second quarter. LS Investment Advisors LLC now owns 32,539 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 5,081 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in Cousins Properties by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 109,300 shares of the real estate investment trust’s stock valued at $961,000 after buying an additional 3,700 shares during the last quarter.

Shares of Cousins Properties Incorporated (NYSE CUZ) opened at $9.07 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. Cousins Properties Incorporated has a 52 week low of $7.80 and a 52 week high of $9.59. The firm has a market capitalization of $3,810.00, a P/E ratio of 14.40 and a beta of 1.25.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The firm had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $113.51 million. During the same quarter in the prior year, the firm posted $0.22 EPS. Cousins Properties’s quarterly revenue was up 132.4% compared to the same quarter last year. equities research analysts expect that Cousins Properties Incorporated will post 0.61 EPS for the current year.

A number of equities research analysts have weighed in on CUZ shares. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $10.00 price objective on shares of Cousins Properties in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $10.50 price objective on shares of Cousins Properties in a research note on Thursday, September 21st. BidaskClub upgraded Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. ValuEngine upgraded Cousins Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cousins Properties presently has a consensus rating of “Buy” and an average target price of $10.10.

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Cousins Properties Profile

Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.

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Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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