Bank of New York Mellon Corp Has $55.57 Million Position in Cousins Properties Inc (CUZ)

Bank of New York Mellon Corp lowered its stake in shares of Cousins Properties Inc (NYSE:CUZ) by 36.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,949,825 shares of the real estate investment trust’s stock after selling 3,340,574 shares during the period. Bank of New York Mellon Corp owned 1.42% of Cousins Properties worth $55,571,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Timber Hill LLC bought a new stake in shares of Cousins Properties during the 2nd quarter worth $118,000. Advisor Group Inc. raised its position in Cousins Properties by 40.3% in the second quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 4,183 shares during the last quarter. Riverhead Capital Management LLC raised its position in Cousins Properties by 94.8% in the second quarter. Riverhead Capital Management LLC now owns 22,400 shares of the real estate investment trust’s stock valued at $197,000 after purchasing an additional 10,900 shares during the last quarter. US Bancorp DE increased its stake in shares of Cousins Properties by 207.3% in the second quarter. US Bancorp DE now owns 24,357 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 16,432 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Cousins Properties in the second quarter valued at about $222,000.

Cousins Properties Inc (NYSE CUZ) traded up $0.08 during midday trading on Tuesday, hitting $9.42. The stock had a trading volume of 3,315,700 shares, compared to its average volume of 3,699,418. Cousins Properties Inc has a 12 month low of $7.81 and a 12 month high of $9.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $3,922.99, a price-to-earnings ratio of 14.82 and a beta of 1.09.

Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $113.20 million during the quarter, compared to the consensus estimate of $113.51 million. Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The company’s revenue was up 132.4% on a year-over-year basis. During the same period last year, the firm posted $0.22 EPS. sell-side analysts anticipate that Cousins Properties Inc will post 0.61 earnings per share for the current year.

CUZ has been the subject of several recent analyst reports. Zacks Investment Research raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Stifel Nicolaus reissued a “buy” rating and issued a $10.50 target price on shares of Cousins Properties in a research report on Thursday, September 21st. Bank of America lifted their price target on Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, October 3rd. ValuEngine upgraded Cousins Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Finally, SunTrust Banks restated a “buy” rating and set a $10.00 target price on shares of Cousins Properties in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $10.10.

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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.

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

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