Cousins Properties Inc (CUZ) Receives Consensus Recommendation of “Hold” from Analysts

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Shares of Cousins Properties Inc (NYSE:CUZ) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.92.

Several research firms have weighed in on CUZ. Zacks Investment Research cut Cousins Properties from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. ValuEngine upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Friday, October 26th.

CUZ opened at $9.33 on Thursday. Cousins Properties has a 1-year low of $7.53 and a 1-year high of $9.88. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $3.89 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 4.39 and a beta of 1.00.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, February 6th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Cousins Properties had a return on equity of 2.81% and a net margin of 16.76%. The business had revenue of $122.68 million for the quarter, compared to analysts’ expectations of $118.30 million. During the same quarter in the prior year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts expect that Cousins Properties will post 0.64 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Cousins Properties by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 62,027,124 shares of the real estate investment trust’s stock worth $551,421,000 after buying an additional 262,602 shares during the period. Bank of New York Mellon Corp increased 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 worth $90,522,000 after buying an additional 2,077,127 shares during the period. Pacer Advisors Inc. increased its position in Cousins Properties by 12.4% during the 3rd quarter. Pacer Advisors Inc. now owns 149,368 shares of the real estate investment trust’s stock worth $1,328,000 after buying an additional 16,437 shares during the period. Renaissance Technologies LLC increased its position in Cousins Properties by 135.6% during the 3rd quarter. Renaissance Technologies LLC now owns 1,101,871 shares of the real estate investment trust’s stock worth $9,796,000 after buying an additional 634,100 shares during the period. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Cousins Properties by 10.4% during the 4th quarter. Frontier Capital Management Co. LLC now owns 6,719,660 shares of the real estate investment trust’s stock worth $53,085,000 after purchasing an additional 634,211 shares in the last quarter.

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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