Cousins Properties Inc (NYSE:CUZ) – Investment analysts at SunTrust Banks lowered their Q4 2017 earnings per share (EPS) estimates for shares of Cousins Properties in a research report issued on Thursday, according to Zacks Investment Research. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will earn $0.14 per share for the quarter, down from their previous forecast of $0.15. SunTrust Banks has a “Buy” rating and a $10.00 price target on the stock. SunTrust Banks also issued estimates for Cousins Properties’ Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.15 EPS, FY2019 earnings at $0.67 EPS, FY2020 earnings at $0.71 EPS and FY2021 earnings at $0.74 EPS.
Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The business had revenue of $113.20 million for the quarter, compared to the consensus estimate of $113.51 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was up 132.4% on a year-over-year basis.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Bank of America raised Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Monday, December 4th. Stifel Nicolaus reissued a “buy” rating and set a $10.50 price objective on shares of Cousins Properties in a report on Thursday, September 21st. Finally, ValuEngine raised Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Cousins Properties currently has an average rating of “Buy” and a consensus price target of $10.10.
Shares of Cousins Properties (CUZ) traded up $0.06 on Monday, hitting $9.31. The stock had a trading volume of 3,027,877 shares, compared to its average volume of 2,913,250. Cousins Properties has a 12-month low of $7.81 and a 12-month high of $9.63. The company has a market capitalization of $3,885.19, a PE ratio of 17.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be issued a $0.06 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a yield of 2.58%. Cousins Properties’s dividend payout ratio (DPR) is 44.44%.
In other Cousins Properties news, insider S Taylor Glover sold 74,351 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total value of $699,642.91. Following the transaction, the insider now directly owns 485,284 shares of the company’s stock, valued at $4,566,522.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.14% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its stake in shares of Cousins Properties by 3.2% in the third quarter. Public Employees Retirement System of Ohio now owns 518,339 shares of the real estate investment trust’s stock worth $4,841,000 after buying an additional 15,941 shares during the period. GSA Capital Partners LLP bought a new stake in Cousins Properties during the 3rd quarter valued at approximately $1,381,000. Eii Capital Management Inc. bought a new stake in Cousins Properties during the 3rd quarter valued at approximately $1,012,000. Sterling Capital Management LLC bought a new stake in Cousins Properties during the 3rd quarter valued at approximately $1,589,000. Finally, Argent Capital Management LLC raised its stake in Cousins Properties by 30.8% during the 3rd quarter. Argent Capital Management LLC now owns 309,200 shares of the real estate investment trust’s stock valued at $2,888,000 after purchasing an additional 72,875 shares during the period.
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Cousins Properties Company Profile
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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