Cousins Properties Inc (NYSE:CUZ) – Analysts at SunTrust Banks lifted their Q1 2018 earnings per share estimates for shares of Cousins Properties in a note issued to investors on Wednesday. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings of $0.15 per share for the quarter, up from their previous estimate of $0.14. SunTrust Banks has a “Buy” rating and a $10.00 price objective on the stock.
CUZ has been the subject of several other research reports. Zacks Investment Research cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Bank of America upgraded shares of Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $10.10.
Cousins Properties (NYSE CUZ) opened at $8.66 on Friday. The firm has a market cap of $3,595.11, a P/E ratio of 16.98 and a beta of 0.99. Cousins Properties has a 1-year low of $7.81 and a 1-year high of $9.63. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.39.
In related news, insider S Taylor Glover sold 74,351 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $9.41, for a total transaction of $699,642.91. Following the completion of the transaction, the insider now owns 485,284 shares in the company, valued at $4,566,522.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.14% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Signition LP bought a new stake in Cousins Properties during the fourth quarter worth $116,000. Zeke Capital Advisors LLC bought a new stake in Cousins Properties during the third quarter worth $126,000. Advisor Group Inc. raised its position in Cousins Properties by 40.3% during the second quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 4,183 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in Cousins Properties during the fourth quarter worth $141,000. Finally, Vident Investment Advisory LLC bought a new stake in Cousins Properties during the fourth quarter worth $158,000.
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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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