GAMMA Investing LLC Has $925,000 Position in Cousins Properties Incorporated (NYSE:CUZ)

GAMMA Investing LLC raised its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 4,075.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,359 shares of the real estate investment trust’s stock after purchasing an additional 30,608 shares during the quarter. GAMMA Investing LLC’s holdings in Cousins Properties were worth $925,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CUZ. Resolution Capital Ltd acquired a new position in Cousins Properties in the fourth quarter valued at approximately $135,094,000. GRS Advisors LLC bought a new position in shares of Cousins Properties during the 4th quarter worth $63,759,000. Norges Bank purchased a new stake in shares of Cousins Properties in the fourth quarter worth about $57,194,000. Rush Island Management LP raised its holdings in shares of Cousins Properties by 91.4% in the 4th quarter. Rush Island Management LP now owns 3,011,843 shares of the real estate investment trust’s stock valued at $92,283,000 after acquiring an additional 1,438,127 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Cousins Properties by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock valued at $413,375,000 after acquiring an additional 1,350,352 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Trading Up 0.9%

Cousins Properties stock opened at $30.34 on Tuesday. Cousins Properties Incorporated has a 52-week low of $22.16 and a 52-week high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The company has a market cap of $5.09 billion, a P/E ratio of 101.14, a P/E/G ratio of 2.98 and a beta of 1.32. The business has a 50-day simple moving average of $27.91 and a two-hundred day simple moving average of $29.17.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The firm had revenue of $6.81 million for the quarter, compared to analysts’ expectations of $238.49 million. During the same period in the previous year, the firm earned $0.65 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. Analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CUZ. Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Robert W. Baird dropped their price target on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Wells Fargo & Company dropped their target price on Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Jefferies Financial Group assumed coverage on Cousins Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Evercore ISI boosted their price target on Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a research note on Monday, May 19th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.20.

Cousins Properties 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.