Cousins Properties Inc (CUZ) Given Consensus Recommendation of “Buy” by Analysts
Shares of Cousins Properties Inc (NYSE:CUZ) have received a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $10.13.
Several equities research analysts have recently issued reports on CUZ shares. Zacks Investment Research raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. ValuEngine raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. SunTrust Banks reissued 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 issued a $10.50 price objective on shares of Cousins Properties in a research report on Thursday, September 21st. Finally, Bank of America upgraded shares of Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, December 4th.
In other news, insider S Taylor Glover sold 74,351 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $9.41, for a total value of $699,642.91. Following the completion of the transaction, the insider now directly owns 485,284 shares in the company, valued at $4,566,522.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.14% of the stock is currently owned by corporate insiders.
Shares of Cousins Properties (CUZ) opened at $9.49 on Friday. Cousins Properties has a 52-week low of $7.81 and a 52-week high of $9.59. The stock has a market cap of $3,943.99, a price-to-earnings ratio of 14.90 and a beta of 1.09. 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 (NYSE:CUZ) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The business had revenue of $113.20 million during the quarter, compared to analyst estimates of $113.51 million. During the same period in the previous year, the company earned $0.22 EPS. Cousins Properties’s revenue was up 132.4% on a year-over-year basis. research analysts forecast that Cousins Properties will post 0.61 EPS for the current fiscal year.
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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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