Cousins Properties Incorporated (NYSE:CUZ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Shares of Cousin Properties have outperformed the industry it belongs to, year to date. Nonetheless, the stock has seen the Zacks Consensus Estimate for third-quarter and current-year funds from operations (FFO) per share remaining  unchanged in a month’s time. Its third-quarter results highlight an improvement in rental revenues. The company also lifted its FFO guidance for full-year 2017. The company’s unmatched portfolio of Class A office assets located in the Sun Belt markets enables it to enjoy high demand. Moreover, efforts to fortify its position in markets with robust rent growth augur well. However, Cousin Properties faces stiff competition from other market players. This impacts the company’s ability to retain and attract tenants at higher rents. Further, hike in interest rates remain a concern.   “

Other equities analysts also recently issued research reports about the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Cousins Properties in a research report on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and set a $10.50 price target on shares of Cousins Properties in a research report on Thursday, September 21st. BidaskClub raised Cousins Properties from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. ValuEngine raised Cousins Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Finally, Bank of America Corporation increased their price target on Cousins Properties from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Cousins Properties has a consensus rating of “Buy” and a consensus target price of $10.10.

Shares of Cousins Properties (CUZ) traded up $0.02 during trading on Wednesday, reaching $9.22. The company’s stock had a trading volume of 1,407,400 shares, compared to its average volume of 3,623,833. The company has a market cap of $3,864.19, a P/E ratio of 14.60 and a beta of 1.10. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. Cousins Properties has a 12 month low of $7.65 and a 12 month high of $9.59.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data 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 business had revenue of $113.20 million during the quarter, compared to the consensus estimate of $113.51 million. Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The business’s revenue was up 132.4% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. equities analysts anticipate that Cousins Properties will post 0.61 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of CUZ. Societe Generale purchased a new stake in Cousins Properties in the second quarter valued at about $102,000. Tower Research Capital LLC TRC grew its holdings in Cousins Properties by 16,922.4% during the second quarter. Tower Research Capital LLC TRC now owns 9,873 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 9,815 shares during the period. World Asset Management Inc acquired a new stake in Cousins Properties during the second quarter worth about $105,000. Paragon Capital Management Ltd acquired a new stake in Cousins Properties during the third quarter worth about $108,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Cousins Properties by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,653 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 966 shares during the period.

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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