Analysts Set Cousins Properties Inc (CUZ) Price Target at $10.13

Shares of Cousins Properties Inc (NYSE:CUZ) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $10.13.

Several research analysts have weighed in on the company. Bank of America upped their target price on Cousins Properties from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $10.50 target price on shares of Cousins Properties in a research report on Thursday, September 21st. Zacks Investment Research lowered Cousins Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $10.00 target price on shares of Cousins Properties in a research report on Monday, October 2nd. Finally, ValuEngine raised Cousins Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th.

Shares of Cousins Properties (NYSE CUZ) traded down $0.08 during mid-day trading on Wednesday, reaching $9.00. The company’s stock had a trading volume of 1,300,000 shares, compared to its average volume of 3,550,000. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83. Cousins Properties has a 12 month low of $7.81 and a 12 month high of $9.63. The firm has a market cap of $3,780.00, a price-to-earnings ratio of 15.52 and a beta of 1.24.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share 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 during the quarter, compared to analyst estimates of $113.51 million. During the same period in the previous year, the company earned $0.22 earnings per share. The business’s revenue for the quarter was up 132.4% on a year-over-year basis. sell-side analysts forecast that Cousins Properties will post 0.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, December 29th. Cousins Properties’s payout ratio is currently 41.38%.

In other news, insider S Taylor Glover sold 74,351 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total transaction of $699,642.91. Following the transaction, the insider now owns 485,284 shares of the company’s stock, valued at approximately $4,566,522.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.14% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. increased its holdings in shares of Cousins Properties by 1.9% during the 2nd quarter. Macquarie Group Ltd. now owns 172,360 shares of the real estate investment trust’s stock valued at $1,515,000 after acquiring an additional 3,250 shares during the last quarter. ETRADE Capital Management LLC increased its holdings in shares of Cousins Properties by 4.7% during the 2nd quarter. ETRADE Capital Management LLC now owns 79,257 shares of the real estate investment trust’s stock valued at $697,000 after acquiring an additional 3,555 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Cousins Properties by 40.3% during the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 4,183 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Cousins Properties by 18.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,702 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 4,639 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Cousins Properties by 3.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 226,271 shares of the real estate investment trust’s stock valued at $1,989,000 after acquiring an additional 8,304 shares during the last quarter.

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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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