Cousins Properties Incorporated (CUZ) Receives $10.13 Average Price Target from Analysts

Shares of Cousins Properties Incorporated (NYSE:CUZ) have received a consensus rating of “Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $10.13.

A number of analysts have recently weighed in on CUZ shares. Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, July 5th. ValuEngine raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $10.00 price target on shares of Cousins Properties in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $10.50 price target on shares of Cousins Properties in a report on Thursday, September 21st. Finally, BidaskClub raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Monday, August 14th.

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Large investors have recently modified their holdings of the stock. Advisor Group Inc. lifted its stake in Cousins Properties by 40.3% in the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 4,183 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Cousins Properties by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 923,372 shares of the real estate investment trust’s stock valued at $8,117,000 after purchasing an additional 68,937 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Cousins Properties by 9.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,027,914 shares of the real estate investment trust’s stock valued at $35,406,000 after purchasing an additional 357,889 shares during the last quarter. California State Teachers Retirement System lifted its stake in Cousins Properties by 4.0% in the 2nd quarter. California State Teachers Retirement System now owns 741,020 shares of the real estate investment trust’s stock valued at $6,514,000 after purchasing an additional 28,389 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Cousins Properties by 1,045.9% in the 2nd quarter. Prudential Financial Inc. now owns 3,407,185 shares of the real estate investment trust’s stock valued at $29,949,000 after purchasing an additional 3,109,844 shares during the last quarter.

Cousins Properties (NYSE CUZ) traded down 1.31% on Friday, hitting $9.07. 1,783,826 shares of the stock were exchanged. Cousins Properties has a 1-year low of $7.09 and a 1-year high of $9.59. The company has a 50-day moving average price of $9.33 and a 200 day moving average price of $8.96. The company has a market capitalization of $3.81 billion, a PE ratio of 14.56 and a beta of 1.06.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share 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 firm had revenue of $113.20 million for the quarter, compared to the consensus estimate of $113.51 million. During the same period last year, the company posted $0.22 EPS. The business’s revenue was up 132.4% on a year-over-year basis. Analysts anticipate that Cousins Properties will post $0.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Monday, October 2nd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.61%. The ex-dividend date was Friday, September 29th. Cousins Properties’s payout ratio is 44.44%.

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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