Cousins Properties Inc. (NYSE:CUZ) was upgraded by equities research analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a report issued on Monday, The Fly reports.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Robert W. Baird downgraded Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research note on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Cousins Properties has a consensus rating of “Hold” and a consensus target price of $10.88.
Shares of Cousins Properties (NYSE:CUZ) traded up 1.15% during midday trading on Monday, reaching $7.91. 4,283,588 shares of the company’s stock were exchanged. Cousins Properties has a one year low of $7.19 and a one year high of $11.40. The stock has a market cap of $1.66 billion, a P/E ratio of 11.95 and a beta of 1.14. The company’s 50-day moving average is $10.16 and its 200-day moving average is $10.46.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Cousins Properties had a net margin of 37.51% and a return on equity of 8.41%. The firm earned $92.70 million during the quarter, compared to analyst estimates of $89.52 million. During the same period in the prior year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. Equities analysts expect that Cousins Properties will post $0.86 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of Cousins Properties by 2.1% in the first quarter. Geode Capital Management LLC now owns 1,628,530 shares of the real estate investment trust’s stock valued at $16,904,000 after buying an additional 32,846 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Cousins Properties by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,248,445 shares of the real estate investment trust’s stock valued at $12,959,000 after buying an additional 175,737 shares during the last quarter. State Street Corp boosted its stake in shares of Cousins Properties by 1.1% in the first quarter. State Street Corp now owns 7,089,566 shares of the real estate investment trust’s stock valued at $73,587,000 after buying an additional 77,124 shares during the last quarter. BB&T Securities LLC boosted its stake in shares of Cousins Properties by 28.2% in the first quarter. BB&T Securities LLC now owns 29,059 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 6,389 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in shares of Cousins Properties during the first quarter valued at about $5,297,000. Institutional investors own 99.72% of the company’s stock.
Cousins Properties Company Profile
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.
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