ValuEngine Lowers Cousins Properties (NYSE:CUZ) to Sell

ValuEngine cut shares of Cousins Properties (NYSE:CUZ) from a hold rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Cousins Properties from a sell rating to a hold rating in a research note on Wednesday, May 15th.

NYSE:CUZ traded down $0.38 during trading hours on Thursday, reaching $34.19. The company had a trading volume of 1,058,563 shares, compared to its average volume of 1,788,707. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The stock has a 50-day moving average price of $35.23. Cousins Properties has a twelve month low of $30.12 and a twelve month high of $40.40.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Cousins Properties had a net margin of 10.61% and a return on equity of 1.71%. The business had revenue of $134.93 million during the quarter, compared to the consensus estimate of $150.56 million. During the same period last year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, equities analysts predict that Cousins Properties will post 2.88 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Wednesday, July 3rd were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.39%. This is a positive change from Cousins Properties’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, July 2nd. Cousins Properties’s dividend payout ratio (DPR) is 46.03%.

Several institutional investors have recently added to or reduced their stakes in CUZ. Norges Bank bought a new position in shares of Cousins Properties in the fourth quarter valued at $37,742,000. JPMorgan Chase & Co. lifted its position in shares of Cousins Properties by 38.9% during the first quarter. JPMorgan Chase & Co. now owns 15,592,986 shares of the real estate investment trust’s stock valued at $150,628,000 after purchasing an additional 4,367,872 shares in the last quarter. Ceredex Value Advisors LLC lifted its position in shares of Cousins Properties by 30.3% during the first quarter. Ceredex Value Advisors LLC now owns 5,278,300 shares of the real estate investment trust’s stock valued at $50,988,000 after purchasing an additional 1,228,800 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Cousins Properties by 50.4% during the first quarter. Jennison Associates LLC now owns 3,609,353 shares of the real estate investment trust’s stock valued at $34,866,000 after purchasing an additional 1,210,055 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in shares of Cousins Properties by 11.7% during the first quarter. Duff & Phelps Investment Management Co. now owns 6,669,918 shares of the real estate investment trust’s stock valued at $64,431,000 after purchasing an additional 696,705 shares in the last quarter.

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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