Keybank National Association OH Has $1.20 Million Holdings in Cousins Properties Inc (NYSE:CUZ)

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Keybank National Association OH cut its holdings in shares of Cousins Properties Inc (NYSE:CUZ) by 75.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,159 shares of the real estate investment trust’s stock after selling 103,403 shares during the quarter. Keybank National Association OH’s holdings in Cousins Properties were worth $1,199,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Advisor Group Inc. lifted its stake in Cousins Properties by 153.3% in the second quarter. Advisor Group Inc. now owns 15,792 shares of the real estate investment trust’s stock valued at $573,000 after buying an additional 9,557 shares during the period. Northern Oak Wealth Management Inc. acquired a new position in Cousins Properties in the second quarter valued at about $77,000. Advantage Investment Management LLC acquired a new position in Cousins Properties in the second quarter valued at about $72,000. Bowling Portfolio Management LLC acquired a new position in Cousins Properties in the second quarter valued at about $1,080,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Cousins Properties in the second quarter valued at about $395,000.

Several research firms have weighed in on CUZ. ValuEngine lowered Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th.

Shares of NYSE CUZ traded up $0.43 during mid-day trading on Friday, reaching $34.60. 1,913,400 shares of the company’s stock were exchanged, compared to its average volume of 1,719,797. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 3.55 and a beta of 0.91. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $35.84 and a 200 day simple moving average of $17.73. Cousins Properties Inc has a twelve month low of $30.12 and a twelve month high of $40.40.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). The business had revenue of $134.93 million for the quarter, compared to analyst estimates of $150.56 million. Cousins Properties had a return on equity of 1.71% and a net margin of 10.61%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS. Equities research analysts predict that Cousins Properties Inc will post 2.89 earnings per share for the current fiscal year.

About Cousins Properties

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.

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

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