Cousins Properties Incorporated (CUZ) Forecasted to Post FY2019 Earnings of $0.68 Per Share
Cousins Properties Incorporated (NYSE:CUZ) – Investment analysts at SunTrust Banks reduced their FY2019 earnings per share (EPS) estimates for Cousins Properties in a research note issued on Monday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings of $0.68 per share for the year, down from their prior forecast of $0.71. SunTrust Banks currently has a “Buy” rating and a $10.00 target price on the stock. SunTrust Banks also issued estimates for Cousins Properties’ FY2020 earnings at $0.72 EPS.
A number of other research analysts have also commented on CUZ. ValuEngine raised Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Stifel Nicolaus reissued a “buy” rating and set a $10.50 price target on shares of Cousins Properties in a report on Thursday, September 21st. BidaskClub raised Cousins Properties from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Zacks Investment Research lowered Cousins Properties from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, Bank of America Corporation raised their price target on Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $10.10.
ILLEGAL ACTIVITY WARNING: This news story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/cousins-properties-incorporated-cuz-forecasted-to-post-fy2019-earnings-of-0-68-per-share/1676294.html.
Cousins Properties (NYSE:CUZ) remained flat at $$9.02 on Wednesday. 1,149,795 shares of the company traded hands, compared to its average volume of 3,008,905. The firm has a market capitalization of $3,788.58, a P/E ratio of 14.32 and a beta of 1.10.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The business had revenue of $113.20 million during the quarter, compared to analyst estimates of $113.51 million. During the same period in the previous year, the business earned $0.22 earnings per share. The business’s quarterly revenue was up 132.4% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in CUZ. Timber Hill LLC acquired a new position in Cousins Properties during the second quarter worth about $118,000. Advisor Group Inc. grew its holdings in Cousins Properties by 40.3% during the second quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 4,183 shares during the period. Oakbrook Investments LLC grew its holdings in Cousins Properties by 2.0% during the second quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 300 shares during the period. Riverhead Capital Management LLC grew its holdings in Cousins Properties by 94.8% during the second quarter. Riverhead Capital Management LLC now owns 22,400 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 10,900 shares during the period. Finally, US Bancorp DE grew its holdings in Cousins Properties by 207.3% during the second quarter. US Bancorp DE now owns 24,357 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 16,432 shares during the period.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Monday, October 2nd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Friday, September 29th. Cousins Properties’s payout ratio is currently 44.44%.
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.