A number of other equities analysts also recently commented on the stock. SunTrust Banks reaffirmed a buy rating and issued a $10.00 price objective on shares of Cousins Properties in a report on Thursday, July 26th. Bank of America decreased their price objective on shares of Cousins Properties from $10.50 to $10.25 and set a buy rating for the company in a report on Monday, September 10th. ValuEngine downgraded shares of Cousins Properties from a hold rating to a sell rating in a report on Wednesday, September 19th. Finally, Zacks Investment Research raised shares of Cousins Properties from a sell rating to a hold rating in a report on Monday, July 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $9.92.
Shares of NYSE:CUZ opened at $8.78 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $3.74 billion, a P/E ratio of 14.39, a P/E/G ratio of 4.39 and a beta of 0.93. Cousins Properties has a 12-month low of $8.23 and a 12-month high of $9.88.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The company had revenue of $113.70 million during the quarter, compared to the consensus estimate of $115.28 million. Cousins Properties had a return on equity of 2.86% and a net margin of 17.63%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. Equities research analysts predict that Cousins Properties will post 0.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Wednesday, October 3rd will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Tuesday, October 2nd. Cousins Properties’s dividend payout ratio is presently 42.62%.
In other Cousins Properties news, insider John S. Mccoll sold 14,333 shares of Cousins Properties stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $9.26, for a total value of $132,723.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.94% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CUZ. Wells Fargo & Company MN boosted its holdings in shares of Cousins Properties by 6.8% during the first quarter. Wells Fargo & Company MN now owns 1,445,461 shares of the real estate investment trust’s stock valued at $12,547,000 after acquiring an additional 92,541 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Cousins Properties by 238.2% during the first quarter. Franklin Resources Inc. now owns 744,400 shares of the real estate investment trust’s stock valued at $6,461,000 after acquiring an additional 524,300 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Cousins Properties by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 6,272,266 shares of the real estate investment trust’s stock valued at $54,444,000 after acquiring an additional 237,412 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Cousins Properties by 13.0% during the first quarter. Hsbc Holdings PLC now owns 59,905 shares of the real estate investment trust’s stock valued at $520,000 after acquiring an additional 6,905 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Cousins Properties by 2.9% during the first quarter. Principal Financial Group Inc. now owns 1,852,458 shares of the real estate investment trust’s stock valued at $16,080,000 after acquiring an additional 52,157 shares during the period.
Cousins Properties Company Profile
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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