Quantbot Technologies LP reduced its stake in shares of Cousins Properties Inc. (NYSE:CUZ) by 85.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,854 shares of the real estate investment trust’s stock after selling 75,334 shares during the period. Quantbot Technologies LP’s holdings in Cousins Properties were worth $134,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. Societe Generale bought a new position in shares of Cousins Properties during the second quarter valued at approximately $102,000. Tower Research Capital LLC TRC boosted its position in shares of Cousins Properties by 16,922.4% in the second quarter. Tower Research Capital LLC TRC now owns 9,873 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 9,815 shares during the last quarter. World Asset Management Inc acquired a new position in shares of Cousins Properties during the second quarter worth about $105,000. Paragon Capital Management Ltd acquired a new position in shares of Cousins Properties during the third quarter worth about $108,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cousins Properties by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,653 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 966 shares in the last quarter. 99.99% of the stock is owned by institutional investors.
Shares of Cousins Properties Inc. (NYSE:CUZ) traded up 1.52% on Friday, reaching $8.04. 1,212,780 shares of the company traded hands. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 17.33 and a beta of 1.15. Cousins Properties Inc. has a 52-week low of $7.09 and a 52-week high of $11.40. The stock has a 50 day moving average of $7.73 and a 200 day moving average of $9.91.
Several equities research analysts have commented on CUZ shares. Robert W. Baird lowered shares of Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Wednesday, August 17th. Stifel Nicolaus lowered shares of Cousins Properties from a “hold” rating to a “sell” rating and lowered their price objective for the company from $11.50 to $9.50 in a research note on Thursday, September 29th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th.
Cousins Properties Company Profile
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.