ValuEngine Upgrades Cousins Properties Incorporated (CUZ) to Buy

ValuEngine upgraded shares of Cousins Properties Incorporated (NYSE:CUZ) from a hold rating to a buy rating in a report released on Tuesday.

Several other analysts have also commented on CUZ. Bank of America Corporation lifted their price target on shares of Cousins Properties from $9.50 to $10.00 and gave the company a neutral rating in a research report on Tuesday, October 3rd. Stifel Nicolaus raised shares of Cousins Properties from a hold rating to a buy rating and lifted their price target for the company from $8.50 to $10.50 in a research report on Tuesday, August 1st. SunTrust Banks, Inc. reaffirmed a buy rating and set a $10.00 price target on shares of Cousins Properties in a research report on Monday, October 2nd. BidaskClub raised shares of Cousins Properties from a hold rating to a buy rating in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered shares of Cousins Properties from a buy rating to a hold rating in a research report on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $10.10.

Shares of Cousins Properties (NYSE:CUZ) opened at 9.43 on Tuesday. The company has a market capitalization of $3.96 billion, a PE ratio of 15.14 and a beta of 1.06. The firm’s 50-day moving average price is $9.33 and its 200 day moving average price is $8.89. Cousins Properties has a 52 week low of $7.09 and a 52 week high of $9.59.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm had revenue of $119.00 million for the quarter, compared to analyst estimates of $114.68 million. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The business’s revenue for the quarter was up 146.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 EPS. Equities analysts predict that Cousins Properties will post $0.45 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Monday, October 2nd were issued a $0.06 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.24 annualized dividend and a yield of 2.55%. Cousins Properties’s dividend payout ratio (DPR) is presently 42.11%.

A number of institutional investors have recently bought and sold shares of CUZ. BlackRock Inc. increased its holdings in Cousins Properties by 7,631.5% in the 1st quarter. BlackRock Inc. now owns 50,398,142 shares of the real estate investment trust’s stock valued at $416,791,000 after purchasing an additional 49,746,289 shares during the last quarter. Vanguard Group Inc. increased its holdings in Cousins Properties by 20.8% in the 1st quarter. Vanguard Group Inc. now owns 65,875,457 shares of the real estate investment trust’s stock valued at $544,790,000 after purchasing an additional 11,347,714 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Cousins Properties by 465.1% in the 1st quarter. Nuveen Asset Management LLC now owns 6,859,444 shares of the real estate investment trust’s stock valued at $56,728,000 after purchasing an additional 5,645,530 shares during the last quarter. Prudential Financial Inc. increased its holdings in Cousins Properties by 1,045.9% in the 2nd quarter. Prudential Financial Inc. now owns 3,407,185 shares of the real estate investment trust’s stock valued at $29,949,000 after purchasing an additional 3,109,844 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in Cousins Properties by 1,941.7% in the 2nd quarter. Voya Investment Management LLC now owns 2,838,658 shares of the real estate investment trust’s stock valued at $24,951,000 after purchasing an additional 2,699,627 shares during the last quarter.

About Cousins Properties

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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