Cousins Properties Incorporated (NYSE:CUZ) Position Boosted by Amica Mutual Insurance Co.

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Amica Mutual Insurance Co. increased its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 16.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,965 shares of the real estate investment trust’s stock after buying an additional 5,315 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Cousins Properties were worth $1,057,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CUZ. Brookfield Asset Management Inc. bought a new position in Cousins Properties in the 2nd quarter worth approximately $85,145,000. Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in shares of Cousins Properties in the second quarter valued at $54,518,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Cousins Properties by 299.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,191,423 shares of the real estate investment trust’s stock valued at $35,185,000 after purchasing an additional 893,130 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Cousins Properties by 10.4% in the second quarter. Principal Financial Group Inc. now owns 9,196,840 shares of the real estate investment trust’s stock worth $274,342,000 after acquiring an additional 868,314 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC increased its stake in shares of Cousins Properties by 844.5% in the second quarter. Lasalle Investment Management Securities LLC now owns 935,809 shares of the real estate investment trust’s stock worth $27,915,000 after acquiring an additional 836,724 shares during the last quarter. 85.67% of the stock is owned by institutional investors and hedge funds.

Cousins Properties stock traded up $0.52 during mid-day trading on Friday, hitting $33.00. 658,825 shares of the company’s stock were exchanged, compared to its average volume of 1,017,786. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.43. The stock has a market cap of $4.90 billion, a P/E ratio of 14.16, a P/E/G ratio of 5.64 and a beta of 0.93. Cousins Properties Incorporated has a 1-year low of $21.15 and a 1-year high of $42.99. The stock has a 50 day moving average of $28.43 and a two-hundred day moving average of $29.51.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, October 28th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.48). Cousins Properties had a return on equity of 7.61% and a net margin of 45.67%. As a group, research analysts predict that Cousins Properties Incorporated will post 2.79 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating and set a $32.50 price target on the stock. in a research note on Friday, August 21st. Wells Fargo & Company dropped their price target on shares of Cousins Properties from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $35.63.

Cousins Properties Company 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.

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

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