Cousins Properties Inc (NYSE:CUZ) has earned a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $10.06.
A number of research firms have issued reports on CUZ. Zacks Investment Research cut Cousins Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Bank of America decreased their target price on Cousins Properties from $10.50 to $10.25 and set a “buy” rating on the stock in a research report on Monday, September 10th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $10.00 target price on shares of Cousins Properties in a research report on Thursday, July 26th.
Shares of Cousins Properties stock opened at $9.06 on Monday. Cousins Properties has a 1 year low of $8.23 and a 1 year high of $9.88. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 4.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.97 and a quick ratio of 1.97.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.10). Cousins Properties had a return on equity of 2.86% and a net margin of 17.63%. The firm had revenue of $113.70 million for the quarter, compared to the consensus estimate of $115.28 million. During the same quarter in the previous year, the business earned $0.16 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. sell-side analysts forecast that Cousins Properties will post 0.61 EPS for the current fiscal year.
In other news, insider John S. Mccoll sold 14,333 shares of Cousins Properties stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 0.94% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Cousins Properties by 28.6% during the second 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 purchasing an additional 2,077,127 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Cousins Properties by 80.4% during the second quarter. Public Employees Retirement System of Ohio now owns 900,336 shares of the real estate investment trust’s stock valued at $8,724,000 after purchasing an additional 401,356 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Cousins Properties by 76.8% in the second quarter. Jane Street Group LLC now owns 88,592 shares of the real estate investment trust’s stock worth $858,000 after acquiring an additional 38,492 shares during the period. Vident Investment Advisory LLC lifted its stake in shares of Cousins Properties by 31.9% in the second quarter. Vident Investment Advisory LLC now owns 49,610 shares of the real estate investment trust’s stock worth $481,000 after acquiring an additional 11,986 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of Cousins Properties in the second quarter worth approximately $576,000.
About Cousins Properties
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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