Is Cousins Properties Inc (CUZ) A Good Stock To Buy?

As aggregate interest increased, key hedge funds have jumped into Cousins Properties Inc (NYSE:CUZ) headfirst. PDT Partners, managed by Peter Muller, assembled the largest position in Cousins Properties Inc (NYSE:CUZ). PDT Partners had $2 million invested in the company at the end of the quarter. Arthur Wrubel’s Wesley Capital Management also made a $0.5 million investment in the stock during the quarter. The other funds with brand new CUZ positions are Paul Tudor Jones’ Tudor Investment Corp, George Hall’s Clinton Group, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s check out hedge fund activity in other stocks similar to Cousins Properties Inc (NYSE:CUZ). These stocks are Moog Inc (NYSE:MOG), TerraForm Power Inc (NASDAQ:TERP), Cabot Corp (NYSE:CBT), and Belden Inc. (NYSE:BDC). This group of stocks’ market caps resemble CUZ’s market cap.

As you can see these stocks had an average of 24.5 hedge funds with bullish positions and the average amount invested in these stocks was $201 million. That figure was $74 million in CUZ’s case. TerraForm Power Inc (NASDAQ:TERP) is the most popular stock in this table. On the other hand Moog Inc (NYSE:MOG) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks Cousins Properties Inc (NYSE:CUZ) is as less popular as MOG. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.