FY2016 EPS Estimates for Cousins Properties Inc. Lowered by Capital One Financial Corp. (CUZ)
Cousins Properties Inc. (NYSE:CUZ) – Research analysts at Capital One Financial Corp. decreased their FY2016 EPS estimates for shares of Cousins Properties in a research note issued on Friday. Capital One Financial Corp. analyst T. Lesnick now expects that the firm will post earnings of $0.77 per share for the year, down from their prior estimate of $0.87. Capital One Financial Corp. also issued estimates for Cousins Properties’ Q4 2016 earnings at $0.15 EPS, Q1 2017 earnings at $0.14 EPS, Q2 2017 earnings at $0.15 EPS, Q3 2017 earnings at $0.15 EPS and Q4 2017 earnings at $0.16 EPS.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business earned $92.70 million during the quarter, compared to the consensus estimate of $89.52 million. Cousins Properties had a return on equity of 8.41% and a net margin of 37.51%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, July 27th. Robert W. Baird lowered Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Wednesday, August 17th. Finally, Stifel Nicolaus lowered Cousins Properties from a “hold” rating to a “sell” rating and cut their price target for the company from $11.50 to $9.50 in a research note on Thursday, September 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.88.
Large investors have recently added to or reduced their stakes in the stock. Societe Generale bought a new stake in Cousins Properties during the second quarter worth approximately $102,000. Tower Research Capital LLC TRC increased its stake in shares of Cousins Properties by 16,922.4% in the second quarter. Tower Research Capital LLC TRC now owns 9,873 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 9,815 shares during the period. World Asset Management Inc acquired a new stake in shares of Cousins Properties during the second quarter valued at about $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Cousins Properties by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,653 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 966 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Cousins Properties during the second quarter valued at about $112,000. Institutional investors and hedge funds own 99.72% of the company’s stock.
Cousins Properties Company Profile
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.
Receive News & Stock Ratings for Cousins Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties Inc. and related stocks with our FREE daily email newsletter.