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.
WARNING: This article was first published by BBNS and is the property of of BBNS. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://baseballnewssource.com/markets/valuengine-upgrades-cousins-properties-incorporated-cuz-to-buy/1704886.html.
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.
Receive News & Ratings for Cousins Properties Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties Incorporated and related companies with our FREE daily email newsletter.