Kennedy Capital Management Inc. purchased a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 596,344 shares of the real estate investment trust’s stock, valued at approximately $5,242,000. Kennedy Capital Management Inc. owned approximately 0.14% of Cousins Properties at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Cousins Properties by 20.8% during the first quarter. Vanguard Group Inc. now owns 65,875,457 shares of the real estate investment trust’s stock valued at $544,790,000 after acquiring an additional 11,347,714 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Cousins Properties by 7,631.5% during the first quarter. BlackRock Inc. now owns 50,398,142 shares of the real estate investment trust’s stock valued at $416,791,000 after acquiring an additional 49,746,289 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Cousins Properties by 10.8% during the second quarter. Daiwa Securities Group Inc. now owns 24,258,089 shares of the real estate investment trust’s stock valued at $213,228,000 after acquiring an additional 2,356,643 shares in the last quarter. State Street Corp increased its holdings in shares of Cousins Properties by 13.4% during the first quarter. State Street Corp now owns 17,661,570 shares of the real estate investment trust’s stock valued at $146,057,000 after acquiring an additional 2,087,693 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Cousins Properties by 47.2% during the first quarter. Bank of New York Mellon Corp now owns 9,827,269 shares of the real estate investment trust’s stock valued at $81,272,000 after acquiring an additional 3,150,702 shares in the last quarter.

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Several brokerages have recently weighed in on CUZ. BidaskClub upgraded Cousins Properties from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Stifel Nicolaus upgraded Cousins Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $8.50 to $10.50 in a report on Tuesday, August 1st. Zacks Investment Research upgraded Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, July 5th. Finally, ValuEngine downgraded Cousins Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cousins Properties has an average rating of “Buy” and a consensus price target of $10.17.

Cousins Properties Incorporated (NYSE CUZ) opened at 9.24 on Friday. The stock’s 50 day moving average price is $9.19 and its 200 day moving average price is $8.71. Cousins Properties Incorporated has a one year low of $7.09 and a one year high of $10.99. The company has a market capitalization of $3.88 billion, a P/E ratio of 14.83 and a beta of 1.06.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm had revenue of $119.00 million during the quarter, compared to analyst estimates of $114.68 million. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The business’s revenue for the quarter was up 146.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. Equities analysts anticipate that Cousins Properties Incorporated will post $0.45 EPS for the current fiscal year.

Cousins Properties Company 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.

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

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