Cousins Properties’ (CUZ) Buy Rating Reiterated at Stifel Nicolaus
Stifel Nicolaus reaffirmed their buy rating on shares of Cousins Properties Incorporated (NYSE:CUZ) in a research note issued to investors on Thursday. The firm currently has a $10.50 target price on the real estate investment trust’s stock.
A number of other brokerages have also recently issued reports on CUZ. BidaskClub cut shares of Cousins Properties from a buy rating to a hold rating in a research report on Tuesday, July 11th. ValuEngine cut shares of Cousins Properties from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Cousins Properties from a hold rating to a buy rating and set a $10.00 target price for the company in a research report on Wednesday, July 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $10.17.
Cousins Properties (CUZ) opened at 9.22 on Thursday. The company has a market cap of $3.87 billion, a PE ratio of 14.80 and a beta of 1.06. Cousins Properties has a 52-week low of $7.09 and a 52-week high of $10.81. The firm has a 50-day moving average of $9.22 and a 200 day moving average of $8.73.
Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $119.00 million during the quarter, compared to analysts’ expectations of $114.68 million. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The firm’s revenue for the quarter was up 146.4% on a year-over-year basis. During the same quarter last year, the company posted $0.21 EPS. Equities research analysts expect that Cousins Properties will post $0.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Monday, October 2nd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, September 29th. Cousins Properties’s payout ratio is presently 42.11%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Meadow Creek Investment Management LLC increased its position in Cousins Properties by 46.6% in the 1st quarter. Meadow Creek Investment Management LLC now owns 22,236 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 7,072 shares in the last quarter. Prudential Financial Inc. increased its position 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 acquiring an additional 3,109,844 shares in the last quarter. Koch Industries Inc. increased its position in Cousins Properties by 131.1% in the 1st quarter. Koch Industries Inc. now owns 26,385 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 14,968 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Cousins Properties by 9.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,027,914 shares of the real estate investment trust’s stock valued at $35,406,000 after acquiring an additional 357,889 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Cousins Properties by 18.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,780,619 shares of the real estate investment trust’s stock valued at $33,232,000 after acquiring an additional 580,447 shares in 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.
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 Analyst Ratings Network's FREE daily email newsletter.