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.

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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.

Earnings History and Estimates for Cousins Properties (NYSE:CUZ)

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