Piermont Capital Management Lowers stake in Cousins Properties Inc (CUZ)

Cousins Properties Inc (CUZ) : Piermont Capital Management reduced its stake in Cousins Properties Inc by 2.32% during the most recent quarter end. The investment management company now holds a total of 314,762 shares of Cousins Properties Inc which is valued at $3.3 Million after selling 7,480 shares in Cousins Properties Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Cousins Properties Inc makes up approximately 1.09% of Piermont Capital Management’s portfolio.

Other Hedge Funds, Including , Landscape Capital Management L.l.c. sold out all of its stake in CUZ during the most recent quarter. The investment firm sold 216,103 shares of CUZ which is valued $2.3 Million.California Public Employees Retirement System reduced its stake in CUZ by selling 300 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 560,771 shares of CUZ which is valued at $6 Million. Cousins Properties Inc makes up approx 0.01% of California Public Employees Retirement System’s portfolio. Capital Fund Management S.a. added CUZ to its portfolio by purchasing 176,963 company shares during the most recent quarter which is valued at $1.9 Million. Cousins Properties Inc makes up approx 0.03% of Capital Fund Management S.a.’s portfolio.

Cousins Properties Inc opened for trading at $10.64 and hit $10.83 on the upside on Monday, eventually ending the session at $10.81, with a gain of 1.60% or 0.17 points. The heightened volatility saw the trading volume jump to 18,02,622 shares. Company has a market cap of $2,271 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.

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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