SunTrust Banks set a $10.00 price target on Cousins Properties (NYSE:CUZ) in a report published on Wednesday. The firm currently has a buy rating on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Cousins Properties’ Q1 2018 earnings at $0.15 EPS, Q1 2019 earnings at $0.16 EPS, 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.
Several other equities research analysts have also commented on CUZ. ValuEngine lowered shares of Cousins Properties from a buy rating to a hold rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Cousins Properties from a hold rating to a sell rating in a research note on Tuesday, January 2nd. Finally, Bank of America upgraded shares of Cousins Properties from a neutral rating to a buy rating and set a $10.00 price target on the stock in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $10.10.
Shares of Cousins Properties (NYSE CUZ) traded up $0.10 during trading hours on Wednesday, hitting $8.66. 2,705,244 shares of the company’s stock traded hands, compared to its average volume of 3,578,099. Cousins Properties has a 12 month low of $7.81 and a 12 month high of $9.63. The firm has a market capitalization of $3,595.11, a price-to-earnings ratio of 16.98 and a beta of 0.99. 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 firm’s stock in a transaction that occurred 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 transaction, the insider now owns 485,284 shares in the company, valued at $4,566,522.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.14% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CUZ. Goldman Sachs Group Inc. increased its stake in shares of Cousins Properties by 263.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 8,443,252 shares of the real estate investment trust’s stock valued at $78,100,000 after acquiring an additional 6,122,947 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Cousins Properties by 95.0% during the fourth quarter. Bank of New York Mellon Corp now owns 11,603,704 shares of the real estate investment trust’s stock valued at $107,335,000 after acquiring an additional 5,653,879 shares during the period. BlackRock Inc. increased its stake in shares of Cousins Properties by 4.6% during the fourth quarter. BlackRock Inc. now owns 57,131,287 shares of the real estate investment trust’s stock valued at $528,463,000 after acquiring an additional 2,522,133 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Cousins Properties by 1,957.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,269,234 shares of the real estate investment trust’s stock valued at $20,990,000 after acquiring an additional 2,158,933 shares during the period. Finally, State Street Corp increased its stake in shares of Cousins Properties by 7.2% during the second quarter. State Street Corp now owns 18,932,900 shares of the real estate investment trust’s stock valued at $166,419,000 after acquiring an additional 1,271,330 shares during the period.
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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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