Q4 2017 EPS Estimates for Cousins Properties Inc (CUZ) Reduced by SunTrust Banks

Cousins Properties Inc (NYSE:CUZ) – Analysts at SunTrust Banks dropped their Q4 2017 earnings per share (EPS) estimates for Cousins Properties in a report issued on Thursday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings of $0.14 per share for the quarter, down from their previous forecast of $0.15. SunTrust Banks has a “Buy” rating and a $10.00 price target on the stock. SunTrust Banks also issued estimates for Cousins Properties’ Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.15 EPS, FY2019 earnings at $0.67 EPS, FY2020 earnings at $0.71 EPS and FY2021 earnings at $0.74 EPS.

Other analysts have also issued research reports about the stock. Stifel Nicolaus reissued a “buy” rating and issued a $10.50 price target on shares of Cousins Properties in a report on Thursday, September 21st. BidaskClub raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Monday, August 14th. ValuEngine raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Bank of America raised shares of Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Monday, December 4th. Finally, Zacks Investment Research raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.10.

Shares of Cousins Properties (CUZ) opened at $9.34 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. The firm has a market cap of $3,923.00, a P/E ratio of 14.83 and a beta of 1.09. Cousins Properties has a fifty-two week low of $7.81 and a fifty-two week high of $9.59.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). The firm had revenue of $113.20 million for the quarter, compared to analyst estimates of $113.51 million. Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The business’s quarterly revenue was up 132.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS.

A number of hedge funds have recently made changes to their positions in CUZ. US Bancorp DE boosted its stake in Cousins Properties by 207.3% in the second quarter. US Bancorp DE now owns 24,357 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 16,432 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Cousins Properties by 0.5% in the second quarter. Great West Life Assurance Co. Can now owns 452,565 shares of the real estate investment trust’s stock valued at $3,973,000 after acquiring an additional 2,260 shares during the last quarter. World Asset Management Inc boosted its stake in Cousins Properties by 5.0% in the second quarter. World Asset Management Inc now owns 26,474 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 1,265 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Cousins Properties by 9.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,027,914 shares of the real estate investment trust’s stock valued at $35,406,000 after acquiring an additional 357,889 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Cousins Properties by 1.5% in the second quarter. Arizona State Retirement System now owns 176,600 shares of the real estate investment trust’s stock valued at $1,552,000 after acquiring an additional 2,600 shares during the last quarter.

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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.

Earnings History and Estimates for Cousins Properties (NYSE:CUZ)

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