Cousins Properties Inc (NYSE:CUZ) has earned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $9.92.
Several research analysts have commented on CUZ shares. Zacks Investment Research downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. SunTrust Banks reiterated a “buy” rating and set a $10.00 price target on shares of Cousins Properties in a research report on Thursday, July 26th. Bank of America dropped their price target on Cousins Properties from $10.50 to $10.25 and set a “buy” rating for the company in a research report on Monday, September 10th. ValuEngine downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Finally, TheStreet downgraded Cousins Properties from a “b-” rating to a “c+” rating in a research report on Friday, October 5th.
NYSE CUZ traded down $0.06 during trading hours on Friday, hitting $8.41. The company had a trading volume of 3,035,800 shares, compared to its average volume of 3,893,767. Cousins Properties has a 52 week low of $8.22 and a 52 week high of $9.88. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.39. The company has a market cap of $3.74 billion, a P/E ratio of 13.79, a P/E/G ratio of 4.39 and a beta of 0.93.
Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). Cousins Properties had a return on equity of 2.86% and a net margin of 17.63%. The company had revenue of $113.70 million during the quarter, compared to the consensus estimate of $115.28 million. During the same quarter in the prior year, the business earned $0.16 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts anticipate that Cousins Properties will post 0.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Wednesday, October 3rd were given a dividend of $0.065 per share. The ex-dividend date was Tuesday, October 2nd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.09%. Cousins Properties’s dividend payout ratio (DPR) is presently 42.62%.
In other news, insider John S. Mccoll sold 14,333 shares of Cousins Properties stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $9.26, for a total transaction of $132,723.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.94% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Scout Investments Inc. boosted its position in shares of Cousins Properties by 6.3% during the 3rd quarter. Scout Investments Inc. now owns 4,620,034 shares of the real estate investment trust’s stock valued at $41,072,000 after acquiring an additional 275,297 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Cousins Properties by 24.6% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 402,185 shares of the real estate investment trust’s stock valued at $3,575,000 after acquiring an additional 79,289 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Cousins Properties by 6.5% during the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 2,968,338 shares of the real estate investment trust’s stock valued at $26,389,000 after acquiring an additional 181,710 shares during the last quarter. United Services Automobile Association boosted its position in shares of Cousins Properties by 39.7% during the 2nd quarter. United Services Automobile Association now owns 211,703 shares of the real estate investment trust’s stock valued at $2,051,000 after acquiring an additional 60,200 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Cousins Properties by 9.6% during the 2nd quarter. Northern Trust Corp now owns 11,760,386 shares of the real estate investment trust’s stock valued at $113,959,000 after buying an additional 1,032,786 shares in the last quarter.
About Cousins Properties
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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