Systematic Financial Management Lp buys $92,454,518 stake in Cousins Properties Inc (CUZ)

Cousins Properties Inc (CUZ) : Systematic Financial Management Lp scooped up 8,630,661 additional shares in Cousins Properties Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 8,821,996 shares of Cousins Properties Inc which is valued at $92,454,518.Cousins Properties Inc makes up approximately 1.20% of Systematic Financial Management Lp’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management boosted its stake in CUZ in the latest quarter, The investment management firm added 3,006 additional shares and now holds a total of 36,309 shares of Cousins Properties Inc which is valued at $380,155. Her Majesty The Queen In Right Of The Province Of Alberta… added CUZ to its portfolio by purchasing 330,985 company shares during the most recent quarter which is valued at $3,495,202. Cousins Properties Inc makes up approx 0.04% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Louisiana State Employees Retirement System reduced its stake in CUZ by selling 500 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 88,400 shares of CUZ which is valued at $924,664. Cousins Properties Inc makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.

Cousins Properties Inc opened for trading at $10.1 and hit $10.57 on the upside on Wednesday, eventually ending the session at $10.54, with a gain of 0.19% or 0.02 points. The heightened volatility saw the trading volume jump to 23,18,570 shares. Company has a market cap of $2,215 M.

On the company’s financial health, Cousins Properties Inc reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.22. The company had revenue of $91.30 million for the quarter, compared to analysts expectations of $91.54 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Cousins Properties Inc. Robert W. Baird Downgraded Cousins Properties Inc on Aug 17, 2016 to ” Neutral”, Price Target of the shares are set at $11.

Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). Cousins Real Estate Corporation (CREC) is an entity wholly owned by Cousins. Cousins CREC Cousins TRS Services LLC (CTRS) and their subsidiaries (collectively the Company) develop acquire lease manage and own primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia Texas and North Carolina. It operates its business in four segments: Office Retail Land and Other. The Company’s portfolio of real estate assets consists of interests in approximately 15.7 million square feet of office space 80000 square feet of retail space and 404000 square feet (443 units) of apartments. It has ownership interests in various properties including Greenway Plaza Post Oak Central 2100 Ross Avenue 816 Congress and Promenade among others. Its portfolio includes around 16 operating office properties.

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