Cousins Properties (CUZ) Earning Somewhat Positive Press Coverage, Accern Reports
Headlines about Cousins Properties (NYSE:CUZ) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cousins Properties earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.8433343185384 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern’s scoring:
- FY2019 EPS Estimates for Cousins Properties Incorporated (CUZ) Raised by Analyst (americanbankingnews.com)
- Cousins Properties Announces Third Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
- Cousins Properties Incorporated (CUZ) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Analysts Suggest to Buy Financial Stock: Cousins Properties Incorporated (CUZ) – Street Observer (press release) (streetobserver.com)
- Cousins Properties Incorporated (CUZ) Ex-Dividend Date Scheduled for September 29, 2017 – Nasdaq (nasdaq.com)
A number of research analysts have recently commented on CUZ shares. BidaskClub cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus reissued a “buy” rating and issued a $10.50 price objective on shares of Cousins Properties in a research report on Thursday, September 21st. Bank of America Corporation upped their target price on shares of Cousins Properties from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Wednesday, July 5th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $10.00 target price on shares of Cousins Properties in a research report on Monday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $10.10.
Cousins Properties (CUZ) opened at 9.53 on Wednesday. The firm’s 50-day moving average is $9.27 and its 200 day moving average is $8.82. Cousins Properties has a one year low of $7.09 and a one year high of $10.50. The company has a market capitalization of $4.00 billion, a PE ratio of 15.30 and a beta of 1.06.
Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The firm had revenue of $119.00 million for the quarter, compared to analyst estimates of $114.68 million. During the same quarter in the prior year, the company earned $0.21 EPS. Cousins Properties’s revenue was up 146.4% on a year-over-year basis. On average, equities analysts expect that Cousins Properties will post $0.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 2.52%. Cousins Properties’s dividend payout ratio is presently 42.11%.
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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.
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