Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Cousins Properties (CUZ) Stock Price
News stories about Cousins Properties (NYSE:CUZ) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cousins Properties earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.1467615366553 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Cousins Properties Inc.: Cousins Properties Announces Fourth Quarter 2017 Earnings Release And Conference Call (twst.com)
- Cousins Properties Closes New $1 Billion Unsecured Credit Facility (finance.yahoo.com)
- Cousins Properties Sells Orlando, Miami Assets (costar.com)
- Cousins Properties (CUZ) & Realty Income (O) Head to Head Contrast (americanbankingnews.com)
CUZ has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $10.50 price objective on shares of Cousins Properties in a report on Thursday, September 21st. Zacks Investment Research lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America raised their price objective on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, October 3rd. ValuEngine upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $10.00 price objective on shares of Cousins Properties in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $10.10.
Cousins Properties (CUZ) opened at $9.06 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. Cousins Properties has a fifty-two week low of $7.81 and a fifty-two week high of $9.63. The stock has a market cap of $3,910.39, a P/E ratio of 16.78 and a beta of 1.09.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The firm had revenue of $113.20 million for the quarter, compared to the consensus estimate of $113.51 million. During the same quarter in the previous year, the business posted $0.22 EPS. The firm’s revenue for the quarter was up 132.4% compared to the same quarter last year. sell-side analysts forecast that Cousins Properties will post 0.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, December 29th. This represents a $0.24 annualized dividend and a yield of 2.65%. Cousins Properties’s payout ratio is 44.44%.
In other Cousins Properties news, insider S Taylor Glover sold 74,351 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $9.41, for a total transaction of $699,642.91. Following the completion of the transaction, the insider now owns 485,284 shares in the company, valued at approximately $4,566,522.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.14% of the stock is currently owned by company insiders.
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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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