Phocas Financial Corp. Acquires Shares of 229,857 Cousins Properties Incorporated (NYSE:CUZ)

Phocas Financial Corp. acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 229,857 shares of the real estate investment trust’s stock, valued at approximately $5,241,000. Phocas Financial Corp. owned approximately 0.15% of Cousins Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in Cousins Properties by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 14,922 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 306 shares in the last quarter. CWM LLC increased its holdings in Cousins Properties by 18.1% in the first quarter. CWM LLC now owns 3,020 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 463 shares in the last quarter. Covestor Ltd increased its holdings in Cousins Properties by 89.2% in the first quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 495 shares in the last quarter. Deutsche Bank AG increased its holdings in Cousins Properties by 1.4% in the first quarter. Deutsche Bank AG now owns 38,556 shares of the real estate investment trust’s stock valued at $824,000 after buying an additional 516 shares in the last quarter. Finally, Cibc World Markets Corp increased its stake in shares of Cousins Properties by 0.7% during the first quarter. Cibc World Markets Corp now owns 74,849 shares of the real estate investment trust’s stock worth $3,016,000 after purchasing an additional 519 shares in the last quarter.

Cousins Properties Trading Up 0.7 %

NYSE:CUZ traded up $0.15 on Tuesday, hitting $22.51. The stock had a trading volume of 250,242 shares, compared to its average volume of 1,575,735. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.63 and a beta of 1.17. The company has a fifty day moving average price of $23.26 and a two-hundred day moving average price of $21.91. Cousins Properties Incorporated has a 1-year low of $18.06 and a 1-year high of $28.66.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CUZ. Evercore ISI boosted their target price on shares of Cousins Properties from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 16th. StockNews.com began coverage on shares of Cousins Properties in a research note on Saturday, August 19th. They set a “hold” rating for the company. Barclays boosted their target price on shares of Cousins Properties from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, August 25th. KeyCorp began coverage on shares of Cousins Properties in a research note on Monday, September 11th. They set an “underweight” rating and a $19.00 target price for the company. Finally, Truist Financial raised shares of Cousins Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $27.00 to $28.00 in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Cousins Properties has an average rating of “Hold” and an average price target of $25.70.

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 buildings located in high-growth Sun Belt markets.