Cousins Properties Incorporated (NYSE:CUZ) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
A number of other research analysts have also commented on the company. Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Wednesday, July 5th. BidaskClub lowered Cousins Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $10.50 target price on shares of Cousins Properties in a report on Thursday, September 21st. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $10.00 target price on shares of Cousins Properties in a report on Monday, October 2nd. Finally, Bank of America Corporation raised their target price on Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, October 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $10.10.
Shares of Cousins Properties (NYSE:CUZ) opened at 9.46 on Tuesday. Cousins Properties has a one year low of $7.09 and a one year high of $9.59. The stock has a market cap of $3.97 billion, a PE ratio of 15.18 and a beta of 1.06. The stock’s 50 day moving average price is $9.32 and its 200-day moving average price is $8.87.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $114.68 million. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The firm’s revenue for the quarter was up 146.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, equities analysts predict that Cousins Properties will post $0.45 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oakbrook Investments LLC grew its holdings in Cousins Properties by 2.0% in the 2nd quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 300 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Cousins Properties by 2.4% during the 1st quarter. Amalgamated Bank now owns 48,695 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 1,134 shares in the last quarter. World Asset Management Inc grew its holdings in shares of Cousins Properties by 5.0% during the 2nd quarter. World Asset Management Inc now owns 26,474 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 1,265 shares in the last quarter. First Midwest Bank Trust Division grew its holdings in shares of Cousins Properties by 3.7% during the 2nd quarter. First Midwest Bank Trust Division now owns 55,333 shares of the real estate investment trust’s stock worth $486,000 after purchasing an additional 1,969 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Cousins Properties by 0.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 452,565 shares of the real estate investment trust’s stock worth $3,973,000 after purchasing an additional 2,260 shares in the last quarter.
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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