Cousins Properties Incorporated (CUZ) Given Consensus Recommendation of “Buy” by Brokerages

Cousins Properties Incorporated (NYSE:CUZ) has been given an average recommendation of “Buy” by the seven ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.13.

Several analysts recently weighed in on the stock. BidaskClub raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Stifel Nicolaus raised shares of Cousins Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $8.50 to $10.50 in a report on Tuesday, August 1st. Bank of America Corporation raised their target price on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, October 3rd. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $10.00 target price on shares of Cousins Properties in a report on Monday, October 2nd. Finally, Zacks Investment Research cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Monday, October 9th.

A number of hedge funds have recently added to or reduced their stakes in the business. Oakbrook Investments LLC raised its holdings in Cousins Properties by 2.0% during the second quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 300 shares in the last quarter. World Asset Management Inc raised its holdings in Cousins Properties by 5.0% during the second quarter. World Asset Management Inc now owns 26,474 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 1,265 shares in the last quarter. First Midwest Bank Trust Division raised its holdings in Cousins Properties by 3.7% during the second quarter. First Midwest Bank Trust Division now owns 55,333 shares of the real estate investment trust’s stock worth $486,000 after purchasing an additional 1,969 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Cousins Properties by 0.5% during the second quarter. Great West Life Assurance Co. Can now owns 452,565 shares of the real estate investment trust’s stock worth $3,973,000 after purchasing an additional 2,260 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Cousins Properties by 1.5% during the second quarter. Arizona State Retirement System now owns 176,600 shares of the real estate investment trust’s stock worth $1,552,000 after purchasing an additional 2,600 shares in the last quarter.

Cousins Properties (NYSE CUZ) opened at $9.07 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. Cousins Properties has a 12 month low of $7.80 and a 12 month high of $9.59. The company has a market cap of $3,767.58, a P/E ratio of 14.24 and a beta of 1.10.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). The firm had revenue of $113.20 million during the quarter, compared to analyst estimates of $113.51 million. Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The firm’s revenue was up 132.4% compared to the same quarter last year. During the same period last year, the business earned $0.22 EPS. sell-side analysts expect that Cousins Properties will post 0.61 EPS for the current year.

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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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