Cousins Properties (CUZ) Issues FY18 Earnings Guidance
Cousins Properties (NYSE:CUZ) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $0.59-0.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.61.
CUZ has been the subject of several research reports. Bank of America raised Cousins Properties from a neutral rating to a buy rating and set a $10.00 price objective for the company in a research report on Monday, December 4th. ValuEngine cut Cousins Properties from a buy rating to a hold rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised Cousins Properties from a sell rating to a hold rating in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Cousins Properties presently has a consensus rating of Buy and an average target price of $10.10.
Shares of Cousins Properties (CUZ) traded up $0.03 during mid-day trading on Thursday, reaching $8.53. The company had a trading volume of 749,391 shares, compared to its average volume of 2,986,657. The company has a market capitalization of $3,561.77, a PE ratio of 15.74 and a beta of 0.99. Cousins Properties has a 52-week low of $7.81 and a 52-week high of $9.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83.
In other Cousins Properties news, insider S Taylor Glover sold 74,351 shares of Cousins Properties stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total transaction of $699,642.91. Following the completion of the transaction, the insider now directly owns 485,284 shares of the company’s stock, valued at $4,566,522.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.14% of the stock is owned by company insiders.
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Cousins Properties Company Profile
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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