Cousins Properties Inc. (CUZ) Stock Rating Upgraded by Stifel Nicolaus
Cousins Properties Inc. (NYSE:CUZ) was upgraded by analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a report released on Monday. The analysts noted that the move was a valuation call.
Several other research firms have also recently commented on CUZ. Zacks Investment Research cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Robert W. Baird cut shares of Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Cousins Properties has an average rating of “Hold” and an average target price of $10.88.
Cousins Properties (NYSE:CUZ) opened at 7.91 on Monday. The stock has a market capitalization of $1.66 billion, a PE ratio of 11.95 and a beta of 1.14. The stock’s 50 day moving average is $10.16 and its 200 day moving average is $10.46. Cousins Properties has a 12-month low of $7.19 and a 12-month high of $11.40.
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Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Cousins Properties had a net margin of 37.51% and a return on equity of 8.41%. The company had revenue of $92.70 million for the quarter, compared to the consensus estimate of $89.52 million. During the same period last year, the company earned $0.21 earnings per share. Cousins Properties’s revenue for the quarter was down 5.3% compared to the same quarter last year. Analysts forecast that Cousins Properties will post $0.86 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Real Estate Management Services LLC boosted its position in shares of Cousins Properties by 9.1% in the second quarter. Real Estate Management Services LLC now owns 1,373,200 shares of the real estate investment trust’s stock worth $14,281,000 after buying an additional 115,100 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Cousins Properties by 70.3% in the second quarter. Daiwa Securities Group Inc. now owns 1,557,237 shares of the real estate investment trust’s stock valued at $16,195,000 after buying an additional 642,990 shares during the period. HBK Investments L P purchased a new stake in Cousins Properties during the first quarter valued at $151,000. M&T Bank Corp raised its stake in Cousins Properties by 10.9% in the first quarter. M&T Bank Corp now owns 12,607 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 1,239 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Cousins Properties by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,248,445 shares of the real estate investment trust’s stock valued at $12,959,000 after buying an additional 175,737 shares during the period. 99.72% of the stock is currently owned by hedge funds and other institutional investors.
About Cousins Properties
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.
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