Cousins Properties Incorporated (CUZ) Upgraded at BidaskClub
Cousins Properties Incorporated (NYSE:CUZ) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.
Several other equities analysts also recently commented on the company. Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Wednesday, July 5th. ValuEngine downgraded Cousins Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Stifel Nicolaus raised Cousins Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $8.50 to $10.50 in a research report on Tuesday, August 1st. Finally, Robert W. Baird raised Cousins Properties from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $9.00 to $10.00 in a research report on Tuesday, May 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.17.
Shares of Cousins Properties (NYSE:CUZ) traded up 1.54% on Monday, hitting $9.22. 2,550,207 shares of the stock traded hands. Cousins Properties has a 52-week low of $7.09 and a 52-week high of $11.40. The firm has a market cap of $3.87 billion, a PE ratio of 14.80 and a beta of 1.07. The firm has a 50 day moving average price of $8.96 and a 200 day moving average price of $8.61.
Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm had revenue of $119 million for the quarter, compared to the consensus estimate of $114.68 million. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The company’s revenue for the quarter was up 146.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. On average, equities analysts forecast that Cousins Properties will post $0.45 EPS for the current year.
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In related news, Director Lillian C. Giornelli sold 5,006 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $8.38, for a total transaction of $41,950.28. Following the completion of the sale, the director now directly owns 102,307 shares in the company, valued at approximately $857,332.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.14% of the company’s stock.
Large investors have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Cousins Properties by 14.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,553 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,545 shares during the period. Timber Hill LLC acquired a new stake in Cousins Properties during the second quarter worth approximately $118,000. Glen Harbor Capital Management LLC boosted its stake in Cousins Properties by 46.6% in the first quarter. Glen Harbor Capital Management LLC now owns 14,388 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 4,576 shares during the period. Advisor Group Inc. boosted its stake in Cousins Properties by 40.3% in the second quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 4,183 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Cousins Properties during the first quarter worth approximately $121,000.
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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