Brokerages Set Cousins Properties (CUZ) Target Price at $10.00

Cousins Properties (NYSE:CUZ) has earned an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $10.00.

CUZ has been the topic of a number of recent research reports. ValuEngine lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wells Fargo initiated coverage on shares of Cousins Properties in a report on Friday, April 20th. They set a “market perform” rating and a $9.50 price target on the stock. Finally, SunTrust Banks set a $10.00 price target on shares of Cousins Properties and gave the stock a “buy” rating in a report on Wednesday, February 14th.

Several large investors have recently modified their holdings of the company. Smith Asset Management Group LP raised its stake in Cousins Properties by 84.9% during the first quarter. Smith Asset Management Group LP now owns 12,262 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 5,631 shares during the last quarter. Signition LP bought a new position in Cousins Properties during the fourth quarter worth $116,000. BlueCrest Capital Management Ltd bought a new position in Cousins Properties during the fourth quarter worth $141,000. Vident Investment Advisory LLC bought a new position in Cousins Properties during the fourth quarter worth $158,000. Finally, Point72 Asia Hong Kong Ltd bought a new position in Cousins Properties during the first quarter worth $167,000.

Shares of Cousins Properties opened at $8.71 on Tuesday, MarketBeat.com reports. The firm has a market cap of $3.72 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 3.80 and a beta of 0.92. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.39. Cousins Properties has a 52 week low of $8.85 and a 52 week high of $8.95.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Wednesday, April 25th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $113.35 million for the quarter, compared to analyst estimates of $113.10 million. Cousins Properties had a net margin of 49.63% and a return on equity of 8.07%. Cousins Properties’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. equities analysts anticipate that Cousins Properties will post 0.61 earnings per share for the current year.

About Cousins Properties

Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA, acting through its operating partnership, Cousins Properties LP, primarily invests in Class-A office towers located in high growth Sunbelt markets.

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