Pensionfund Sabic adds Cousins Properties Inc (CUZ) to its portfolio

Cousins Properties Inc (CUZ) : Pensionfund Sabic added new position in Cousins Properties Inc during the most recent quarter end. The investment management firm now holds 84,000 shares of Cousins Properties Inc which is valued at $859,320 according to a report filed by the company on Apr 4, 2016 with the SEC.Cousins Properties Inc makes up approximately 0.26% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands added CUZ to its portfolio by purchasing 236,000 company shares during the most recent quarter which is valued at $2.4 Million. Cousins Properties Inc makes up approx 0.33% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Cousins Properties Inc reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.21. The company had revenue of $93.60 million for the quarter, compared to analysts expectations of $96.19 million. The company’s revenue was down -11.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Cousins Properties Inc. Robert W. Baird Upgraded Cousins Properties Inc on Jan 7, 2016 to ” Outperform”, Price Target of the shares are set at $12.

Cousins Properties Inc opened for trading at $10.19 and hit $10.295 on the upside on Monday, eventually ending the session at $10.23, with a gain of 0.59% or 0.06 points. The heightened volatility saw the trading volume jump to 11,49,467 shares. Company has a market cap of $2,163 M.

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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