Cousins Properties Inc (NYSE:CUZ) – Investment analysts at SunTrust Banks issued their Q1 2019 earnings estimates for Cousins Properties in a research note issued on Wednesday. SunTrust Banks analyst M. Lewis forecasts that the real estate investment trust will post earnings per share of $0.16 for the quarter. SunTrust Banks has a “Buy” rating and a $10.00 price objective on the stock. SunTrust Banks also issued estimates for Cousins Properties’ Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.65 EPS, FY2020 earnings at $0.69 EPS, FY2021 earnings at $0.73 EPS and FY2022 earnings at $0.77 EPS.
A number of other equities research analysts have also weighed in on the company. ValuEngine lowered Cousins Properties from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered Cousins Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Bank of America upgraded Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Monday, December 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $10.10.
Shares of Cousins Properties (CUZ) traded up $0.07 during mid-day trading on Thursday, hitting $8.63. The stock had a trading volume of 1,128,249 shares, compared to its average volume of 3,380,944. The company has a market cap of $3,630.00, a price-to-earnings ratio of 16.96 and a beta of 1.14. Cousins Properties has a 12-month low of $7.81 and a 12-month high of $9.63. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.39.
In other Cousins Properties news, insider S Taylor Glover sold 74,351 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total value of $699,642.91. Following the sale, the insider now directly owns 485,284 shares of the company’s stock, valued at $4,566,522.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.14% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC bought a new stake in Cousins Properties in the fourth quarter worth $4,263,000. Vident Investment Advisory LLC bought a new stake in Cousins Properties in the fourth quarter worth $158,000. Jane Street Group LLC boosted its holdings in Cousins Properties by 108.6% in the fourth quarter. Jane Street Group LLC now owns 112,980 shares of the real estate investment trust’s stock worth $1,045,000 after acquiring an additional 58,824 shares in the last quarter. Zeke Capital Advisors LLC boosted its holdings in Cousins Properties by 92.4% in the fourth quarter. Zeke Capital Advisors LLC now owns 25,984 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 12,480 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its holdings in Cousins Properties by 19.0% in the fourth quarter. Meadow Creek Investment Management LLC now owns 61,370 shares of the real estate investment trust’s stock worth $568,000 after acquiring an additional 9,792 shares in 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.
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