SG Americas Securities LLC Acquires Shares of 36,329 Cousins Properties Incorporated (NYSE:CUZ)

SG Americas Securities LLC acquired a new position in Cousins Properties Incorporated (NYSE:CUZ) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 36,329 shares of the real estate investment trust’s stock, valued at approximately $1,072,000.

A number of other large investors have also recently made changes to their positions in CUZ. Rhumbline Advisers grew its position in Cousins Properties by 4.9% in the fourth quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust’s stock worth $14,304,000 after acquiring an additional 21,939 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Cousins Properties by 7.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust’s stock valued at $82,047,000 after purchasing an additional 189,411 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Cousins Properties by 24.5% in the 4th quarter. Van ECK Associates Corp now owns 36,162 shares of the real estate investment trust’s stock worth $1,108,000 after purchasing an additional 7,119 shares during the period. Vert Asset Management LLC bought a new position in shares of Cousins Properties during the 1st quarter valued at approximately $2,026,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Cousins Properties by 11.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,238,792 shares of the real estate investment trust’s stock valued at $37,957,000 after purchasing an additional 125,389 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Trading Down 0.6%

Shares of NYSE CUZ opened at $30.19 on Wednesday. Cousins Properties Incorporated has a twelve month low of $22.16 and a twelve month high of $32.55. The firm has a market cap of $5.07 billion, a PE ratio of 91.48, a price-to-earnings-growth ratio of 2.83 and a beta of 1.32. The business has a fifty day simple moving average of $27.98 and a two-hundred day simple moving average of $29.18. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Cousins Properties had a net margin of 5.97% and a return on equity of 1.15%. The business had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. During the same quarter last year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. Analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CUZ. Evercore ISI lifted their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a research note on Monday, May 19th. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a report on Monday, March 17th. They set a “buy” rating and a $35.00 price target on the stock. Wall Street Zen raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Truist Financial dropped their target price on Cousins Properties from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company cut their target price on Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.20.

About Cousins Properties

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.