Cousins Properties Inc. (CUZ) Forecasted to Post FY2016 Earnings of $0.78 Per Share
Cousins Properties Inc. (NYSE:CUZ) – Investment analysts at Capital One Financial Corp. boosted their FY2016 EPS estimates for shares of Cousins Properties in a research note issued on Thursday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will earn $0.78 per share for the year, up from their prior forecast of $0.77.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Friday. Robert W. Baird cut Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 price target on the stock. in a report on Wednesday, August 17th. Finally, Stifel Nicolaus cut Cousins Properties from a “hold” rating to a “sell” rating and cut their price target for the stock from $11.50 to $9.50 in a report on Thursday, September 29th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.50.
Shares of Cousins Properties (NYSE:CUZ) opened at 7.84 on Monday. Cousins Properties has a 12-month low of $7.09 and a 12-month high of $11.40. The firm has a market capitalization of $3.08 billion, a P/E ratio of 16.90 and a beta of 1.15. The stock has a 50 day moving average of $8.45 and a 200-day moving average of $10.10.
Several institutional investors have recently modified their holdings of CUZ. Palisade Capital Management LLC NJ boosted its position in shares of Cousins Properties by 16.9% in the second quarter. Palisade Capital Management LLC NJ now owns 1,556,063 shares of the real estate investment trust’s stock worth $16,183,000 after buying an additional 224,880 shares in the last quarter. Real Estate Management Services LLC boosted its position in shares of Cousins Properties by 9.1% in the second quarter. Real Estate Management Services LLC now owns 1,373,200 shares of the real estate investment trust’s stock worth $14,281,000 after buying an additional 115,100 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Cousins Properties by 70.3% in the second quarter. Daiwa Securities Group Inc. now owns 1,557,237 shares of the real estate investment trust’s stock worth $16,195,000 after buying an additional 642,990 shares in the last quarter. HBK Investments L P purchased a new position in shares of Cousins Properties during the first quarter worth about $151,000. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Cousins Properties during the second quarter worth about $30,117,000. Institutional investors own 99.99% of the company’s stock.
About Cousins Properties
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.
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