Virtu KCG Holdings LLC Has $442,000 Holdings in Cousins Properties Incorporated (CUZ)

Virtu KCG Holdings LLC reduced its stake in Cousins Properties Incorporated (NYSE:CUZ) by 40.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,245 shares of the real estate investment trust’s stock after selling 33,900 shares during the period. Virtu KCG Holdings LLC’s holdings in Cousins Properties were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Oakbrook Investments LLC increased its stake in Cousins Properties by 2.0% in the 2nd quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 300 shares during the period. Amalgamated Bank increased its stake in Cousins Properties by 2.4% in the 1st quarter. Amalgamated Bank now owns 48,695 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 1,134 shares during the period. World Asset Management Inc increased its stake in Cousins Properties by 5.0% in the 2nd quarter. World Asset Management Inc now owns 26,474 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 1,265 shares during the period. First Midwest Bank Trust Division increased its stake in Cousins Properties by 3.7% in the 2nd quarter. First Midwest Bank Trust Division now owns 55,333 shares of the real estate investment trust’s stock worth $486,000 after purchasing an additional 1,969 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in Cousins Properties by 0.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 452,565 shares of the real estate investment trust’s stock worth $3,973,000 after purchasing an additional 2,260 shares during the period.

Shares of Cousins Properties Incorporated (NYSE CUZ) opened at 9.40 on Friday. The stock has a 50 day moving average price of $9.32 and a 200-day moving average price of $8.88. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 15.09 and a beta of 1.06. Cousins Properties Incorporated has a 12 month low of $7.09 and a 12 month high of $9.59.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The firm had revenue of $119.00 million for the quarter, compared to the consensus estimate of $114.68 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 146.4% on a year-over-year basis. Analysts expect that Cousins Properties Incorporated will post $0.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Monday, October 2nd were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 2.55%. Cousins Properties’s payout ratio is 42.11%.

CUZ has been the topic of a number of analyst reports. Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, July 5th. BidaskClub cut Cousins Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Stifel Nicolaus raised Cousins Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $8.50 to $10.50 in a research note on Tuesday, August 1st. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $10.00 price target on shares of Cousins Properties in a research note on Monday, October 2nd. Finally, Bank of America Corporation lifted their price target on Cousins Properties from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.10.

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Cousins Properties Profile

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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