Virtu Financial LLC Invests $227,000 in Cousins Properties Incorporated (NYSE:CUZ)

Virtu Financial LLC acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the third quarter, HoldingsChannel reports. The firm acquired 7,698 shares of the real estate investment trust’s stock, valued at approximately $227,000.

Several other hedge funds have also added to or reduced their stakes in CUZ. TCW Group Inc. bought a new position in shares of Cousins Properties during the third quarter valued at $1,274,000. Coldstream Capital Management Inc. bought a new position in Cousins Properties during the 3rd quarter worth $208,000. Geode Capital Management LLC lifted its holdings in Cousins Properties by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after buying an additional 36,727 shares during the period. M&T Bank Corp grew its position in shares of Cousins Properties by 1.5% in the 3rd quarter. M&T Bank Corp now owns 57,779 shares of the real estate investment trust’s stock valued at $1,703,000 after buying an additional 870 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. grew its position in shares of Cousins Properties by 4.1% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,273,361 shares of the real estate investment trust’s stock valued at $37,539,000 after buying an additional 49,937 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Trading Up 1.0 %

CUZ opened at $31.30 on Wednesday. The company has a market cap of $4.95 billion, a P/E ratio of 94.85, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The company has a fifty day moving average price of $30.95 and a two-hundred day moving average price of $27.81. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ) last posted 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 return on equity of 1.14% and a net margin of 6.17%. The firm had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. During the same period last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts predict that Cousins Properties Incorporated will post 2.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CUZ has been the topic of several analyst reports. Truist Financial upped their target price on Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 30th. Evercore ISI upped their price objective on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Wells Fargo & Company lifted their target price on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Robert W. Baird upped their price target on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, 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 research report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Cousins Properties Company 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.