Cousins Properties Incorporated (CUZ) Earns Buy Rating from SunTrust Banks, Inc.
SunTrust Banks, Inc. reaffirmed their buy rating on shares of Cousins Properties Incorporated (NYSE:CUZ) in a research report sent to investors on Monday. SunTrust Banks, Inc. currently has a $10.00 price target on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Cousins Properties’ FY2019 earnings at $0.71 EPS and FY2020 earnings at $0.75 EPS.
CUZ has been the subject of several other research reports. Zacks Investment Research upgraded shares of Cousins Properties from a hold rating to a buy rating and set a $10.00 price objective for the company in a research report on Wednesday, July 5th. Stifel Nicolaus upgraded shares of Cousins Properties from a hold rating to a buy rating and increased their price objective for the company from $8.50 to $10.50 in a research report on Tuesday, August 1st. Finally, BidaskClub upgraded shares of Cousins Properties from a hold rating to a buy rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $10.10.
Cousins Properties (NYSE:CUZ) opened at 9.50 on Monday. The stock has a market cap of $3.99 billion, a PE ratio of 15.25 and a beta of 1.06. The company has a 50-day moving average of $9.28 and a 200-day moving average of $8.83. Cousins Properties has a 12 month low of $7.09 and a 12 month high of $9.57.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The business had revenue of $119.00 million during the quarter, compared to analyst estimates of $114.68 million. During the same quarter last year, the business earned $0.21 earnings per share. Cousins Properties’s quarterly revenue was up 146.4% compared to the same quarter last year. On average, equities analysts forecast that Cousins Properties will post $0.45 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Monday, October 2nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 2.53%. Cousins Properties’s dividend payout ratio (DPR) is presently 42.11%.
Several institutional investors have recently added to or reduced their stakes in the company. Oakbrook Investments LLC lifted its holdings in shares of Cousins Properties by 2.0% in the 2nd quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 300 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Cousins Properties by 2.4% in the 1st quarter. Amalgamated Bank now owns 48,695 shares of the real estate investment trust’s stock worth $403,000 after acquiring an additional 1,134 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of Cousins Properties by 5.0% in the 2nd quarter. World Asset Management Inc now owns 26,474 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 1,265 shares during the last quarter. First Midwest Bank Trust Division lifted its holdings in shares of Cousins Properties by 3.7% in the 2nd quarter. First Midwest Bank Trust Division now owns 55,333 shares of the real estate investment trust’s stock worth $486,000 after acquiring an additional 1,969 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Cousins Properties by 0.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 452,565 shares of the real estate investment trust’s stock worth $3,973,000 after acquiring an additional 2,260 shares during the last quarter.
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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