Victory Capital Management Inc. raised its stake in Cousins Properties Incorporated (NYSE:CUZ) by 18.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,780,619 shares of the real estate investment trust’s stock after buying an additional 580,447 shares during the period. Victory Capital Management Inc. owned approximately 0.90% of Cousins Properties worth $33,232,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CUZ. Vanguard Group Inc. boosted its stake in shares of Cousins Properties by 20.8% in the first quarter. Vanguard Group Inc. now owns 65,875,457 shares of the real estate investment trust’s stock valued at $544,790,000 after buying an additional 11,347,714 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Cousins Properties by 7,631.5% in the first quarter. BlackRock Inc. now owns 50,398,142 shares of the real estate investment trust’s stock valued at $416,791,000 after buying an additional 49,746,289 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Cousins Properties by 10.8% in the second quarter. Daiwa Securities Group Inc. now owns 24,258,089 shares of the real estate investment trust’s stock worth $213,228,000 after buying an additional 2,356,643 shares during the last quarter. State Street Corp boosted its stake in Cousins Properties by 13.4% in the first quarter. State Street Corp now owns 17,661,570 shares of the real estate investment trust’s stock worth $146,057,000 after buying an additional 2,087,693 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Cousins Properties by 47.2% in the first quarter. Bank of New York Mellon Corp now owns 9,827,269 shares of the real estate investment trust’s stock worth $81,272,000 after buying an additional 3,150,702 shares during the last quarter.

Shares of Cousins Properties Incorporated (NYSE:CUZ) opened at 9.35 on Friday. Cousins Properties Incorporated has a 52-week low of $7.09 and a 52-week high of $11.40. The company’s 50-day moving average is $9.10 and its 200-day moving average is $8.67. The stock has a market cap of $3.93 billion, a PE ratio of 15.01 and a beta of 1.07.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The firm had revenue of $119 million during the quarter, compared to the consensus estimate of $114.68 million. During the same quarter in the prior year, the firm earned $0.21 EPS. Cousins Properties’s revenue for the quarter was up 146.4% on a year-over-year basis. Equities analysts anticipate that Cousins Properties Incorporated will post $0.45 EPS for the current year.

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CUZ has been the subject of a number of analyst reports. BidaskClub cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Robert W. Baird raised shares of Cousins Properties from a “neutral” rating to an “outperform” rating and increased their target price for the company from $9.00 to $10.00 in a research report on Tuesday, May 16th. Stifel Nicolaus raised shares of Cousins Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $8.50 to $10.50 in a research report on Tuesday, August 1st. ValuEngine cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $10.17.

Cousins Properties Company 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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