Tolleson Wealth Management Inc. Sells 108,066 Shares of Cousins Properties Inc (NYSE:CUZ)

Tolleson Wealth Management Inc. reduced its position in Cousins Properties Inc (NYSE:CUZ) by 75.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,022 shares of the real estate investment trust’s stock after selling 108,066 shares during the quarter. Cousins Properties makes up about 0.9% of Tolleson Wealth Management Inc.’s holdings, making the stock its 13th largest position. Tolleson Wealth Management Inc.’s holdings in Cousins Properties were worth $1,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CUZ. Creative Financial Designs Inc. ADV purchased a new stake in shares of Cousins Properties during the second quarter worth $26,000. Pflug Koory LLC bought a new position in shares of Cousins Properties in the second quarter worth $25,000. Edge Wealth Management LLC bought a new stake in shares of Cousins Properties during the 2nd quarter valued at $26,000. Legacy Bridge LLC bought a new stake in shares of Cousins Properties during the 2nd quarter valued at $36,000. Finally, Hanson McClain Inc. bought a new stake in shares of Cousins Properties during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 92.99% of the company’s stock.

A number of analysts recently issued reports on CUZ shares. Zacks Investment Research cut Cousins Properties from a “hold” rating to a “sell” rating and set a $36.00 price objective on the stock. in a report on Monday, August 19th. ValuEngine lowered Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Shares of CUZ stock traded up $0.47 during trading hours on Wednesday, reaching $36.18. The stock had a trading volume of 38,628 shares, compared to its average volume of 1,013,750. The stock’s fifty day simple moving average is $34.58 and its 200 day simple moving average is $20.77. The firm has a market capitalization of $5.17 billion, a PE ratio of 14.33, a PEG ratio of 3.63 and a beta of 0.90. Cousins Properties Inc has a 12 month low of $30.12 and a 12 month high of $40.40. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.42.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Cousins Properties had a return on equity of 1.71% and a net margin of 10.61%. The firm had revenue of $134.93 million for the quarter, compared to the consensus estimate of $150.56 million. During the same period last year, the company posted $0.15 EPS. The business’s revenue was up 18.0% on a year-over-year basis. As a group, equities research analysts anticipate that Cousins Properties Inc will post 2.89 EPS for the current fiscal year.

Cousins Properties Company Profile

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

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Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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