Cousins Properties Upgraded to Buy at Stifel Nicolaus (CUZ)
Cousins Properties (NYSE:CUZ) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
Shares of Cousins Properties (NYSE:CUZ) opened at 11.71 on Monday. Cousins Properties has a one year low of $9.30 and a one year high of $11.90. The stock has a 50-day moving average of $11. and a 200-day moving average of $10.98. The company has a market cap of $2.324 billion and a price-to-earnings ratio of 31.60.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $81.72 million for the quarter, compared to the consensus estimate of $77.92 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 113.6% on a year-over-year basis. Analysts expect that Cousins Properties will post $0.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 28th. Investors of record on Thursday, May 15th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, May 13th.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Cousins Properties from $11.00 to $12.00 in a research note on Wednesday, April 23rd. They now have a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cousins Properties in a research note on Wednesday, April 16th. They now have a $12.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th.
Cousins Properties Incorporated (NYSE:CUZ) is a real estate investment trust (REIT).
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