Cousins Properties Incorporated (CUZ) Receives Average Recommendation of “Buy” from Analysts
Shares of Cousins Properties Incorporated (NYSE:CUZ) have been assigned an average recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.13.
Several equities analysts have commented on CUZ shares. Zacks Investment Research upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, July 5th. ValuEngine upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $10.00 price target on shares of Cousins Properties in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $10.50 price target on shares of Cousins Properties in a research note on Thursday, September 21st. Finally, BidaskClub upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, August 14th.
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Shares of Cousins Properties (CUZ) opened at 9.10 on Friday. Cousins Properties has a 52 week low of $7.09 and a 52 week high of $9.59. The stock’s 50 day moving average is $9.34 and its 200 day moving average is $8.95. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 14.61 and a beta of 1.06.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). The company had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $113.51 million. Cousins Properties had a net margin of 48.08% and a return on equity of 8.51%. The business’s revenue for the quarter was up 132.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. On average, equities analysts forecast that Cousins Properties will post $0.45 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Monday, October 2nd were paid a $0.06 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.24 annualized dividend and a yield of 2.64%. Cousins Properties’s dividend payout ratio is currently 44.44%.
Hedge funds have recently bought and sold shares of the company. Timber Hill LLC acquired a new stake in shares of Cousins Properties in the second quarter valued at approximately $118,000. Advisor Group Inc. boosted its holdings in shares of Cousins Properties by 40.3% in the second quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 4,183 shares during the period. Oakbrook Investments LLC boosted its holdings in shares of Cousins Properties by 2.0% in the second quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 300 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of Cousins Properties by 94.8% in the second quarter. Riverhead Capital Management LLC now owns 22,400 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 10,900 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Cousins Properties by 207.3% in the second quarter. US Bancorp DE now owns 24,357 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 16,432 shares during the period.
About Cousins Properties
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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