Cousins Properties Incorporated (NYSE:CUZ) had its target price increased by stock analysts at Bank of America Corporation from $9.50 to $10.00 in a report issued on Tuesday. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Bank of America Corporation’s price target indicates a potential upside of 6.72% from the company’s previous close.

Several other equities analysts have also commented on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $10.00 target price on shares of Cousins Properties in a report on Monday. Stifel Nicolaus reiterated a “buy” rating and set a $10.50 price target on shares of Cousins Properties in a research report on Thursday, September 21st. BidaskClub raised Cousins Properties from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Finally, Zacks Investment Research upgraded Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $10.10.

Cousins Properties (CUZ) traded up 1.334% on Tuesday, hitting $9.495. 1,034,633 shares of the stock traded hands. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 15.241 and a beta of 1.06. Cousins Properties has a 12-month low of $7.09 and a 12-month high of $10.50. The firm’s 50-day moving average price is $9.26 and its 200-day moving average price is $8.81.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. 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 business earned $0.21 earnings per share. Cousins Properties’s quarterly revenue was up 146.4% on a year-over-year basis. On average, equities research analysts anticipate that Cousins Properties will post $0.45 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Cousins Properties Incorporated (CUZ) Price Target Raised to $10.00” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/cousins-properties-incorporated-cuz-price-target-raised-to-10-00/1605860.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of CUZ. World Asset Management Inc increased its stake in shares of Cousins Properties by 21.5% in the first quarter. World Asset Management Inc now owns 25,209 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 4,459 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Cousins Properties by 27.1% during the first quarter. UBS Asset Management Americas Inc. now owns 677,467 shares of the real estate investment trust’s stock worth $5,603,000 after buying an additional 144,447 shares during the period. Karp Capital Management Corp acquired a new position in shares of Cousins Properties during the first quarter worth approximately $1,005,000. Ameriprise Financial Inc. boosted its position in shares of Cousins Properties by 6.8% during the first quarter. Ameriprise Financial Inc. now owns 1,801,998 shares of the real estate investment trust’s stock worth $14,902,000 after buying an additional 115,249 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Cousins Properties by 120.9% during the first quarter. Parametric Portfolio Associates LLC now owns 608,266 shares of the real estate investment trust’s stock worth $5,030,000 after buying an additional 332,910 shares during the period.

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.