December 1, 2016 - By Dolores Ford · 0 Comments
Cousins Properties Inc (NYSE:CUZ) institutional sentiment decreased to 0.99 in 2016 Q2. Its down -0.49, from 1.48 in 2016Q1. The ratio turned negative, as 99 active investment managers increased and started new holdings, while 67 cut down and sold positions in Cousins Properties Inc. The active investment managers in our partner’s database now have: 214.65 million shares, up from 208.75 million shares in 2016Q1. Also, the number of active investment managers holding Cousins Properties Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 13 Reduced: 54 Increased: 71 New Position: 28.
Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $3.03 billion. The Firm focuses on development, acquisition, leasing and property management. It has a 16.77 P/E ratio. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.
About 2.18 million shares traded hands. Cousins Properties Inc (NYSE:CUZ) has declined 26.14% since April 28, 2016 and is downtrending. It has underperformed by 32.07% the S&P500.
Analysts await Cousins Properties Inc (NYSE:CUZ) to report earnings on February, 8. They expect $0.15 earnings per share, down 34.78% or $0.08 from last year’s $0.23 per share. CUZ’s profit will be $57.97M for 13.07 P/E if the $0.15 EPS becomes a reality. After $0.22 actual earnings per share reported by Cousins Properties Inc for the previous quarter, Wall Street now forecasts -31.82% negative EPS growth.
According to Zacks Investment Research, “Cousins Properties Inc., is an Atlanta-based, fully integrated, self administered equity REIT. The Company has extensive experience in the real estate industry, including the acquisition, financing, development, management and leasing of properties. Cousins has been a public company since 1962, and its common stock trades on the New York Stock Exchange. The Company owns a portfolio of well-located, high-quality retail, office, medical office and land development projects and holds several tracts of strategically located undeveloped land.”
Real Estate Management Services Llc holds 2.48% of its portfolio in Cousins Properties Inc for 1.37 million shares. Systematic Financial Management Lp owns 8.82 million shares or 1.26% of their US portfolio. Moreover, Chilton Capital Management Llc has 0.87% invested in the company for 861,404 shares. The Missouri-based Piermont Capital Management Inc. has invested 0.85% in the stock. Dalton Greiner Hartman Maher & Co, a New York-based fund reported 1.30 million shares.#img1#
Ratings analysis reveals 0 of Cousins Properties’s analysts are positive. Out of 3 Wall Street analysts rating Cousins Properties, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $8 while the high is $12.0. The stock’s average target of $10.33 is 31.76% above today’s ($7.84) share price. CUZ was included in 5 notes of analysts from November 24, 2015. The stock of Cousins Properties Inc (NYSE:CUZ) earned “Neutral” rating by Robert W. Baird on Wednesday, August 17. Robert W. Baird upgraded it to “Outperform” rating and $12.0 target price in Thursday, January 7 report. Stifel Nicolaus downgraded Cousins Properties Inc (NYSE:CUZ) on Thursday, September 29 to “Sell” rating. Stifel Nicolaus upgraded the shares of CUZ in a report on Tuesday, October 18 to “Hold” rating.
Cousins Properties Incorporated (Cousins), incorporated on May 13, 1905, is a self-administered and self-managed real estate investment trust (REIT). The Firm focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise. The Company’s divisions include Office, Retail, Land and Other. The Company’s divisions by property type are Office, Mixed Use and Other. The Company’s divisions by geographical region are Atlanta, Houston, Austin, Charlotte and Other. The Firm invests in Class-A office towers and mixed-use developments in Sunbelt markets, including Atlanta, Austin, Charlotte, Dallas and Houston.
More important recent Cousins Properties Inc (NYSE:CUZ) news were published by: Bloomberg.com which released: “Cousins Properties to Buy Parkway for $1.95 Billion in Stock” on April 29, 2016, also Bizjournals.com published article titled: “Cousins Properties and Parkway Properties stockholders approve merger”, Bizjournals.com published: “Cousins Properties closes acquisition of Parkway â€” here’s how it affects Austin” on October 06, 2016. More interesting news about Cousins Properties Inc (NYSE:CUZ) was released by: Prnewswire.com and their article: “Cousins Properties Names Colin Connolly Chief Operating Officer” with publication date: July 14, 2016.
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By Dolores Ford