News articles about Cousins Properties (NYSE:CUZ) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cousins Properties earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 95 out of 100, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Cousins Properties Incorporated (CUZ) Downgraded by BidaskClub to Hold (nolopodrasdejardever.com)
- Cousins Properties, Inc. breached its 50 day moving average in a Bearish Manner : CUZ-US : July 11, 2017 (finance.yahoo.com)
- Analysts Anticipate Cousins Properties Incorporated (CUZ) to Post $0.15 EPS (americanbankingnews.com)
- Significant disparity in Sharif family’s income, actual wealth: JIT report (dunyanews.tv)
- New ICBA boss an ardent construction sector advocate (biv.com)
Several research firms have weighed in on CUZ. BidaskClub lowered Cousins Properties from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Wednesday, July 5th. ValuEngine lowered Cousins Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Robert W. Baird raised Cousins Properties from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $9.00 to $10.00 in a report on Tuesday, May 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Cousins Properties has an average rating of “Hold” and an average target price of $9.33.
Cousins Properties (CUZ) opened at 8.62 on Wednesday. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 43.32 and a beta of 1.06. Cousins Properties has a one year low of $7.09 and a one year high of $11.40. The firm has a 50-day moving average price of $8.75 and a 200-day moving average price of $8.47.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.13. The business had revenue of $112.50 million for the quarter, compared to the consensus estimate of $116.11 million. Cousins Properties had a return on equity of 3.11% and a net margin of 14.48%. The business’s revenue was up 147.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. Analysts expect that Cousins Properties will post $0.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Monday, July 3rd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, June 29th. Cousins Properties’s dividend payout ratio is currently 114.29%.
In other Cousins Properties news, Director Lillian C. Giornelli sold 17,800 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $8.48, for a total value of $150,944.00. Following the completion of the sale, the director now directly owns 102,307 shares of the company’s stock, valued at $867,563.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lillian C. Giornelli sold 5,006 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $8.38, for a total value of $41,950.28. Following the completion of the sale, the director now directly owns 102,307 shares of the company’s stock, valued at $857,332.66. The disclosure for this sale can be found here. Insiders sold 62,961 shares of company stock valued at $530,885 over the last three months. Company insiders own 1.14% of the company’s stock.
Cousins Properties Company Profile
Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.
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