Press coverage about Cousins Properties (NYSE:CUZ) has trended somewhat positive on Wednesday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cousins Properties earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 66 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Research Analysts Issue Forecasts for Cousins Properties Incorporated’s FY2017 Earnings (NYSE:CUZ) (americanbankingnews.com)
- Zacks: Analysts Expect Cousins Properties Incorporated (NYSE:CUZ) Will Announce Quarterly Sales of $114.07 Million (americanbankingnews.com)
- Cousins Properties confirms major Amazon expansion in Atlanta (Video) (bizjournals.com)
- Cousins Properties Named Top Dividend Stock With Insider Buying and 2.62% Yield (CUZ) (nasdaq.com)
A number of equities research analysts have commented on the stock. Stifel Nicolaus raised shares of Cousins Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $8.50 to $10.50 in a research report on Tuesday, August 1st. BidaskClub downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, July 5th. ValuEngine downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Robert W. Baird raised shares of Cousins Properties from a “neutral” rating to an “outperform” rating and increased their target price for the company from $9.00 to $10.00 in a research report on Tuesday, May 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Cousins Properties currently has a consensus rating of “Buy” and a consensus price target of $10.17.
Shares of Cousins Properties (NYSE CUZ) remained flat at $9.17 during mid-day trading on Wednesday. 3,890,723 shares of the stock traded hands. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 14.72 and a beta of 1.07. The stock has a 50-day moving average of $8.91 and a 200-day moving average of $8.57. Cousins Properties has a 52 week low of $7.09 and a 52 week high of $11.40.
Cousins Properties (NYSE:CUZ) last posted 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. The business had revenue of $119 million during the quarter, compared to the consensus estimate of $114.68 million. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The company’s quarterly revenue was up 146.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. Equities research analysts expect that Cousins Properties will post $0.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Monday, July 3rd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, June 29th. Cousins Properties’s payout ratio is currently 42.11%.
In related news, Director Lillian C. Giornelli sold 5,006 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $8.38, for a total value of $41,950.28. Following the completion of the sale, the director now owns 102,307 shares of the company’s stock, valued at $857,332.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.14% of the company’s stock.
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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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