Previous Close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 17.50 |
Expire Date | 2024-10-18 |
Day's Range | 0.0500 - 0.0500 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
On September 30, 2024, State Street Corp made a significant addition to its investment portfolio by acquiring 48,668 shares of Cousins Properties Inc (NYSE:CUZ), a notable player in the real estate investment trust (REIT) sector. This transaction, executed at a price of $29.48 per share, increased State Street Corp's total holdings in the company to 7,606,870 shares, reflecting a substantial engagement with Cousins Properties Inc. Headquartered in Boston, MA, State Street Corp is a global leader in financial services, providing a broad range of investment management, servicing, and administration; research and trading; and financial data analytics to institutional investors.
While ARE's Q3 earnings are likely to have gained from healthy demand for its high-quality life science and lab office properties, high interest expenses are a concern.
CUZ's strengths arise out of its Class A office asset portfolio in the high-growth Sun Belt markets, strategic portfolio rebalancing and strong balance sheet.