Creative Planning Purchases Shares of 4,855 Cousins Properties Inc (NYSE:CUZ)

Creative Planning purchased a new stake in shares of Cousins Properties Inc (NYSE:CUZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,855 shares of the real estate investment trust’s stock, valued at approximately $200,000.

Several other institutional investors have also recently added to or reduced their stakes in CUZ. First Mercantile Trust Co. grew its stake in shares of Cousins Properties by 23.7% during the 3rd quarter. First Mercantile Trust Co. now owns 6,775 shares of the real estate investment trust’s stock valued at $254,000 after acquiring an additional 1,300 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Cousins Properties by 4.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 201,240 shares of the real estate investment trust’s stock valued at $7,565,000 after acquiring an additional 9,306 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Cousins Properties by 26.5% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 216,236 shares of the real estate investment trust’s stock valued at $8,128,000 after acquiring an additional 45,323 shares during the period. Stifel Financial Corp grew its stake in shares of Cousins Properties by 63.1% during the 3rd quarter. Stifel Financial Corp now owns 10,539 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 4,076 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Cousins Properties by 77.5% during the 3rd quarter. California Public Employees Retirement System now owns 318,435 shares of the real estate investment trust’s stock valued at $11,970,000 after acquiring an additional 139,009 shares during the period. Institutional investors and hedge funds own 95.69% of the company’s stock.

NYSE CUZ opened at $42.63 on Friday. The stock’s 50 day moving average is $41.16 and its 200 day moving average is $38.42. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. Cousins Properties Inc has a 12 month low of $32.89 and a 12 month high of $42.74. The stock has a market cap of $6.21 billion, a PE ratio of 14.29, a P/E/G ratio of 3.12 and a beta of 0.88.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.06. Cousins Properties had a return on equity of 3.77% and a net margin of 22.88%. The company had revenue of $194.44 million for the quarter, compared to analysts’ expectations of $183.76 million. During the same period in the previous year, the firm earned $0.17 EPS. The firm’s revenue was up 58.5% compared to the same quarter last year. On average, analysts forecast that Cousins Properties Inc will post 2.82 EPS for the current fiscal year.

CUZ has been the topic of a number of research analyst reports. Zacks Investment Research cut Cousins Properties from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a report on Thursday, January 2nd. Stifel Nicolaus set a $42.00 price target on Cousins Properties and gave the stock a “buy” rating in a report on Friday, October 25th. ValuEngine raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, TheStreet raised Cousins Properties from a “c” rating to a “b-” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $34.75.

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.

See Also: Understanding debt-to-equity ratio in fundamental analysis

Want to see what other hedge funds are holding CUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cousins Properties Inc (NYSE:CUZ).

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

Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.