TRUE Private Wealth Advisors bought a new stake in shares of Cousins Properties Inc (NYSE:CUZ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,862 shares of the real estate investment trust’s stock, valued at approximately $67,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Edge Wealth Management LLC purchased a new stake in shares of Cousins Properties in the second quarter valued at approximately $26,000. Penserra Capital Management LLC purchased a new stake in shares of Cousins Properties in the first quarter valued at approximately $36,000. Legacy Bridge LLC purchased a new stake in shares of Cousins Properties in the second quarter valued at approximately $36,000. Sound Income Strategies LLC purchased a new stake in shares of Cousins Properties in the second quarter valued at approximately $41,000. Finally, Hanson McClain Inc. purchased a new stake in shares of Cousins Properties in the second quarter valued at approximately $41,000.
Shares of NYSE CUZ traded up $0.44 during trading hours on Friday, reaching $34.61. The stock had a trading volume of 8,126 shares, compared to its average volume of 1,733,016. 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 firm has a market cap of $5.04 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 3.56 and a beta of 0.91. The business’s fifty day moving average price is $35.87 and its two-hundred day moving average price is $17.65. Cousins Properties Inc has a 52-week low of $30.12 and a 52-week high of $40.40.
CUZ has been the subject of a number of research reports. ValuEngine lowered Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th.
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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