Coldstream Capital Management Inc. Makes New $208,000 Investment in Cousins Properties Incorporated (NYSE:CUZ)

Coldstream Capital Management Inc. purchased a new position in shares of Cousins Properties Incorporated (NYSE:CUZ) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,059 shares of the real estate investment trust’s stock, valued at approximately $208,000.

A number of other hedge funds have also made changes to their positions in the stock. Larson Financial Group LLC lifted its position in shares of Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 438 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Cousins Properties by 2.2% during the second quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 501 shares during the last quarter. Signaturefd LLC boosted its position in shares of Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 651 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of Cousins Properties by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 133,620 shares of the real estate investment trust’s stock worth $3,093,000 after acquiring an additional 790 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Cousins Properties by 130.8% in the second quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 858 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analyst Weigh In

CUZ has been the subject of a number of research reports. Evercore ISI increased their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Truist Financial lifted their target price on Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays upped their price target on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. BMO Capital Markets lowered Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company upped their target price on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.00.

Cousins Properties Trading Up 1.0 %

CUZ opened at $31.30 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $4.95 billion, a PE ratio of 94.79, a PEG ratio of 4.02 and a beta of 1.29. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The firm has a 50-day moving average price of $30.95 and a two-hundred day moving average price of $27.81.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The company had revenue of $209.21 million during the quarter, compared to analyst estimates of $212.54 million. During the same period in the prior year, the business earned $0.65 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts anticipate that Cousins Properties Incorporated will post 2.68 earnings per share for the current fiscal year.

Cousins Properties Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.