Cousins Properties Inc (NYSE:CUZ) has received a consensus recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $9.92.
Several research analysts have commented on the company. Zacks Investment Research upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, July 9th. SunTrust Banks restated a “buy” rating and set a $10.00 price objective on shares of Cousins Properties in a report on Thursday, July 26th. Bank of America reduced their price objective on Cousins Properties from $10.50 to $10.25 and set a “buy” rating on the stock in a report on Monday, September 10th. ValuEngine downgraded Cousins Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Finally, TheStreet downgraded Cousins Properties from a “b-” rating to a “c+” rating in a report on Friday, October 5th.
CUZ traded up $0.05 during trading on Friday, hitting $8.37. 2,558,300 shares of the stock were exchanged, compared to its average volume of 3,883,146. The company has a market capitalization of $3.54 billion, a P/E ratio of 13.72, a PEG ratio of 4.15 and a beta of 0.93. Cousins Properties has a 1 year low of $8.22 and a 1 year high of $9.88. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.39.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). The firm had revenue of $113.70 million for the quarter, compared to analysts’ expectations of $115.28 million. Cousins Properties had a return on equity of 2.86% and a net margin of 17.63%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. Equities analysts anticipate that Cousins Properties will post 0.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Wednesday, October 3rd were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Tuesday, October 2nd. This represents a $0.26 annualized dividend and a yield of 3.11%. Cousins Properties’s dividend payout ratio (DPR) is presently 42.62%.
In other Cousins Properties news, insider John S. Mccoll sold 14,333 shares of the stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $9.26, for a total transaction of $132,723.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.94% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CUZ. Cbre Clarion Securities LLC bought a new stake in Cousins Properties during the 2nd quarter valued at $143,743,000. Bank of New York Mellon Corp boosted its position in Cousins Properties by 28.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,341,948 shares of the real estate investment trust’s stock valued at $90,522,000 after acquiring an additional 2,077,127 shares in the last quarter. Macquarie Group Ltd. boosted its position in Cousins Properties by 1,338.2% during the 2nd quarter. Macquarie Group Ltd. now owns 1,894,799 shares of the real estate investment trust’s stock valued at $18,360,000 after acquiring an additional 1,763,049 shares in the last quarter. BlackRock Inc. boosted its position in Cousins Properties by 2.0% during the 2nd quarter. BlackRock Inc. now owns 59,096,690 shares of the real estate investment trust’s stock valued at $572,646,000 after acquiring an additional 1,175,093 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Cousins Properties by 9.6% during the 2nd quarter. Northern Trust Corp now owns 11,760,386 shares of the real estate investment trust’s stock valued at $113,959,000 after acquiring an additional 1,032,786 shares in the last quarter.
Cousins Properties Company Profile
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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