Cousins Properties Inc (CUZ) Shares Bought by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company raised its position in shares of Cousins Properties Inc (NYSE:CUZ) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 996,347 shares of the real estate investment trust’s stock after purchasing an additional 79,450 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Cousins Properties were worth $9,217,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CUZ. Zeke Capital Advisors LLC purchased a new stake in Cousins Properties during the 3rd quarter valued at about $126,000. Dynamic Technology Lab Private Ltd purchased a new stake in Cousins Properties during the 3rd quarter valued at about $202,000. Crossmark Global Holdings Inc. purchased a new stake in Cousins Properties during the 3rd quarter valued at about $254,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cousins Properties by 21.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,061 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 6,359 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of Cousins Properties in the third quarter worth about $479,000.
A number of analysts have recently commented on CUZ shares. Zacks Investment Research downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine downgraded Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks set a $10.00 target price on Cousins Properties and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Bank of America upgraded Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $10.10.
Shares of Cousins Properties Inc (NYSE CUZ) opened at $8.39 on Friday. Cousins Properties Inc has a one year low of $7.81 and a one year high of $9.63. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $3,523.72, a PE ratio of 13.32, a PEG ratio of 4.57 and a beta of 1.02.
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About Cousins Properties
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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