Filing Watching: Cousins Properties Inc Has Another Bullish Trade, Invesco Ltd Bought Stake!

Filing Watching: Cousins Properties Inc Has Another Bullish Trade, Invesco Ltd Bought Stake!

The New Invesco Ltd Holding in Cousins Properties Inc

Invesco Ltd filed with the SEC SC 13G/A form for Cousins Properties Inc. The form can be accessed here: 000091420816001171. As reported in Invesco Ltd’s form, the filler as of late owns 7.2% or 28,226,241 shares of the Finance–company.

Cousins Properties Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Invesco Ltd’s positive view for the stock.

Cousins Properties Inc Institutional Sentiment

Latest Security and Exchange filings show 177 investors own Cousins Properties Inc. The institutional ownership in Q3 2015 is high, at 55.85% of the outstanding shares. This is increased by 1197991 the total institutional shares. 219718905 were the shares owned by these institutional investors. In total 18 funds opened new Cousins Properties Inc stakes, 72 increased stakes. There were 23 that closed positions and 58 reduced them.

Adelante Capital Management Llc is an institutional investor bullish on Cousins Properties Inc, owning 3107254 shares as of Q3 2015 for 1.37% of its portfolio. Piermont Capital Management Llc owns 322242 shares or 0.97% of its portfolio. NY Schonfeld Group Holdings Llc have 0.96% of their stock portfolio for 200500 shares. Further, Wesley Capital Management Llc reported stake worth 0.45% of its US stock portfolio. The NY Hutchin Hill Capital Lp owns 3356100 shares. Cousins Properties Inc is 1.18% of the manager’s US portfolio.

Business Profile

Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise. The Company’s segments include Office, Retail, Land and Other. The Company’s segments by property type are Office, Mixed Use and Other. The Company’s segments by geographical region are Atlanta, Houston, Austin, Charlotte and Other. The Company invests in Class-A office towers and mixed-use developments in Sunbelt markets, including Atlanta, Austin, Charlotte, Dallas and Houston.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.11, from 1.37 in 2016Q1. The ratio improved, as 13 funds sold all Cousins Properties Inc shares owned while 54 reduced positions. 28 funds bought stakes while 71 increased positions. They now own 214.65 million shares or 2.82% more from 208.75 million shares in 2016Q1.

Moreover, Joel Isaacson & Co Ltd has 0% invested in Cousins Properties Inc (NYSE:CUZ) for 1,475 shares. Moreover, Teachers Insurance & Annuity Association Of America has 0.1% invested in Cousins Properties Inc (NYSE:CUZ) for 221,763 shares. Tiaa Cref Limited Co accumulated 0.01% or 924,893 shares. Moreover, Ubs Asset Management Americas has 0.02% invested in Cousins Properties Inc (NYSE:CUZ) for 1.29M shares. The New York-based New York State Teachers Retirement Systems has invested 0.01% in Cousins Properties Inc (NYSE:CUZ). South Dakota Council holds 0.01% or 49,500 shares in its portfolio. Comerica Financial Bank accumulated 419,117 shares or 0.04% of the stock. Texas Permanent School Fund holds 152,620 shares or 0.02% of its portfolio. Invesco holds 17.09M shares or 0.07% of its portfolio. State Street, a Massachusetts-based fund reported 7.17M shares. Martingale Asset Lp holds 159,394 shares or 0.03% of its portfolio. Aqr Mgmt Llc accumulated 506,912 shares or 0.01% of the stock. Amalgamated Comml Bank holds 0.01% or 24,665 shares in its portfolio. Los Angeles Cap Mngmt Equity Research Inc has invested 0% of its portfolio in Cousins Properties Inc (NYSE:CUZ). The Michigan-based World Asset Mngmt Inc has invested 0% in Cousins Properties Inc (NYSE:CUZ).

About 907,981 shares traded hands. Cousins Properties Inc (NYSE:CUZ) has declined 26.84% since April 8, 2016 and is downtrending. It has underperformed by 32.49% the S&P500.

Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $2.92 billion. The Firm focuses on development, acquisition, leasing and property management. It has a 16 P/E ratio. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.

Cousins Properties Inc (NYSE:CUZ) Ratings Coverage

Out of 3 analysts covering Cousins Properties (NYSE:CUZ), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $12.0 is the highest target while $8 is the lowest. The $10.33 average target is 38.10% above today’s ($7.48) stock price. Cousins Properties has been the topic of 5 analyst reports since November 24, 2015 according to StockzIntelligence Inc. Stifel Nicolaus downgraded the shares of CUZ in a report on Thursday, September 29 to “Sell” rating. The firm has “Neutral” rating given on Wednesday, August 17 by Robert W. Baird. Stifel Nicolaus upgraded it to “Hold” rating and $8 target price in Tuesday, October 18 report. Robert W. Baird upgraded the stock to “Outperform” rating in Thursday, January 7 report.

More notable recent Cousins Properties Inc (NYSE:CUZ) news were published by: Bizjournals.com which released: “Cousins Properties and Parkway Properties stockholders approve merger” on August 24, 2016, also Bizjournals.com with their article: “Cousins Properties buying Parkway in $2B-plus deal, exiting Houston office market” published on April 29, 2016, Bizjournals.com published: “Cousins Properties closes acquisition of Parkway — here’s how it affects Austin” on October 06, 2016. More interesting news about Cousins Properties Inc (NYSE:CUZ) were released by: Streetinsider.com and their article: “Form 4 COUSINS PROPERTIES INC For: Nov 07 Filed by: Casal Edward Manuel” published on November 09, 2016 as well as Zacks.com‘s news article titled: “Cousins Properties (CUZ) Q3 FFO In Line, Revenues Fall Y/Y” with publication date: November 02, 2016.

According to Zacks Investment Research, “Cousins Properties Inc., is an Atlanta-based, fully integrated, self administered equity REIT. The Company has extensive experience in the real estate industry, including the acquisition, financing, development, management and leasing of properties. Cousins has been a public company since 1962, and its common stock trades on the New York Stock Exchange. The Company owns a portfolio of well-located, high-quality retail, office, medical office and land development projects and holds several tracts of strategically located undeveloped land.”

CUZ Company Profile

Cousins Properties Incorporated (Cousins), incorporated on May 13, 1905, is a self-administered and self-managed real estate investment trust (REIT). The Firm focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise. The Company’s divisions include Office, Retail, Land and Other. The Company’s divisions by property type are Office, Mixed Use and Other. The Company’s divisions by geographical region are Atlanta, Houston, Austin, Charlotte and Other. The Firm invests in Class-A office towers and mixed-use developments in Sunbelt markets, including Atlanta, Austin, Charlotte, Dallas and Houston.

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