Mason Street Advisors LLC Cuts Holdings in Cousins Properties Inc (NYSE:CUZ)

Mason Street Advisors LLC decreased its position in shares of Cousins Properties Inc (NYSE:CUZ) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,966 shares of the real estate investment trust’s stock after selling 489 shares during the period. Mason Street Advisors LLC owned approximately 0.05% of Cousins Properties worth $2,893,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CUZ. Daiwa Securities Group Inc. grew its position in Cousins Properties by 676.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,341,932 shares of the real estate investment trust’s stock worth $125,623,000 after acquiring an additional 2,911,649 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Cousins Properties by 6,428.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 983,900 shares of the real estate investment trust’s stock worth $35,588,000 after acquiring an additional 968,829 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Cousins Properties by 79.8% during the second quarter. Prudential Financial Inc. now owns 1,280,817 shares of the real estate investment trust’s stock valued at $46,328,000 after buying an additional 568,285 shares during the period. Schroder Investment Management Group purchased a new position in shares of Cousins Properties during the second quarter valued at approximately $20,431,000. Finally, Jane Street Group LLC boosted its position in shares of Cousins Properties by 1,257.6% during the second quarter. Jane Street Group LLC now owns 441,012 shares of the real estate investment trust’s stock valued at $15,951,000 after buying an additional 408,527 shares during the period. Hedge funds and other institutional investors own 95.82% of the company’s stock.

Shares of Cousins Properties stock traded up $0.25 on Thursday, hitting $39.59. 2,137 shares of the company traded hands, compared to its average volume of 977,211. The stock’s 50 day moving average price is $38.16 and its 200-day moving average price is $29.50. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.43. Cousins Properties Inc has a 52 week low of $30.12 and a 52 week high of $40.81. The company has a market cap of $5.77 billion, a PE ratio of 15.64, a PEG ratio of 3.67 and a beta of 0.89.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.55). Cousins Properties had a net margin of 9.50% and a return on equity of 1.55%. The company had revenue of $180.83 million for the quarter, compared to the consensus estimate of $174.03 million. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 56.3% on a year-over-year basis. As a group, research analysts anticipate that Cousins Properties Inc will post 2.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Wednesday, October 2nd. Cousins Properties’s dividend payout ratio is presently 46.03%.

CUZ has been the subject of several recent analyst reports. Wells Fargo & Co upgraded Cousins Properties from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $38.00 to $42.00 in a research report on Thursday, September 19th. Stifel Nicolaus set a $42.00 target price on Cousins Properties and gave the company a “buy” rating in a research report on Friday, October 25th. Zacks Investment Research lowered Cousins Properties from a “hold” rating to a “sell” rating and set a $39.00 target price for the company. in a research report on Thursday, September 12th. ValuEngine lowered Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, TheStreet upgraded Cousins Properties from a “c” rating to a “b-” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.50.

Cousins Properties Profile

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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