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

Virtu Financial LLC bought a new position in shares of Cousins Properties Incorporated (NYSE:CUZ) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,698 shares of the real estate investment trust’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Cousins Properties by 368.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after acquiring an additional 615,118 shares during the period. Jennison Associates LLC grew its holdings in Cousins Properties by 15.9% in the 3rd quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust’s stock valued at $65,016,000 after buying an additional 302,309 shares in the last quarter. AXA S.A. bought a new position in Cousins Properties during the 2nd quarter worth $597,000. Point72 DIFC Ltd lifted its holdings in shares of Cousins Properties by 240.7% during the second quarter. Point72 DIFC Ltd now owns 29,757 shares of the real estate investment trust’s stock worth $689,000 after buying an additional 21,022 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock valued at $224,251,000 after acquiring an additional 48,668 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CUZ. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a report on Tuesday. Barclays increased their price target on Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Evercore ISI lifted their price objective on 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 raised their price target on Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Cousins Properties Price Performance

Shares of CUZ stock opened at $31.30 on Wednesday. The business has a fifty day simple moving average of $30.95 and a 200 day simple moving average of $27.81. The company has a market cap of $4.95 billion, a P/E ratio of 94.85, a P/E/G ratio of 4.02 and a beta of 1.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. Cousins Properties Incorporated has a twelve month low of $21.58 and a twelve month high of $32.55.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The company had revenue of $209.21 million during the quarter, compared to the consensus estimate of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.65 EPS. On average, sell-side analysts forecast that Cousins Properties Incorporated will post 2.68 EPS 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.