Cousins Properties PT Raised to $13.00 (CUZ)
Robert W. Baird hoisted their price objective on shares of Cousins Properties (NYSE:CUZ) from $12.00 to $13.00 in a research note issued on Wednesday, Stock Ratings News reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 11.02% from the stock’s previous close.
A number of other firms have also recently commented on CUZ. Analysts at Stifel Nicolaus upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $13.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $12.50.
Shares of Cousins Properties (NYSE:CUZ) traded up 0.90% on Wednesday, hitting $11.815. The stock had a trading volume of 381,863 shares. Cousins Properties has a 1-year low of $9.30 and a 1-year high of $11.95. The stock’s 50-day moving average is $11.55 and its 200-day moving average is $10.99. The company has a market cap of $2.344 billion and a price-to-earnings ratio of 31.82.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 113.6% on a year-over-year basis. On average, analysts predict that Cousins Properties will post $0.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 28th. Investors of record on Thursday, May 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Tuesday, May 13th.
Cousins Properties Incorporated (NYSE:CUZ) is a real estate investment trust (REIT).
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