Cousins Properties Incorporated (CUZ) Price Target Raised to $10.00
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.
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.
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