Cousins Properties Incorporated (NYSE:CUZ) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Tuesday, August 1st, Marketbeat reports. The firm presently has a $10.50 price objective on the real estate investment trust’s stock, up from their prior price objective of $8.50. Stifel Nicolaus’ target price points to a potential upside of 15.64% from the stock’s current price.
Several other research firms have also recently issued reports on CUZ. BidaskClub cut Cousins Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Robert W. Baird upgraded Cousins Properties from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $9.00 to $10.00 in a research report on Tuesday, May 16th. ValuEngine lowered Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, July 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $10.17.
Cousins Properties (NYSE:CUZ) traded down 0.77% during mid-day trading on Tuesday, reaching $9.08. The company had a trading volume of 2,932,741 shares. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 14.57 and a beta of 1.07. Cousins Properties has a 12 month low of $7.09 and a 12 month high of $11.40. The firm’s 50 day moving average price is $8.96 and its 200-day moving average price is $8.61.
Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The company had revenue of $119 million for the quarter, compared to analysts’ expectations of $114.68 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 146.4% on a year-over-year basis. Equities research analysts anticipate that Cousins Properties will post $0.13 earnings per share for the current year.
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In other news, Director Lillian C. Giornelli sold 5,006 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $8.38, for a total transaction of $41,950.28. Following the sale, the director now owns 102,307 shares of the company’s stock, valued at approximately $857,332.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.14% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI raised its stake in Cousins Properties by 14.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,553 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,545 shares during the last quarter. Timber Hill LLC bought a new stake in Cousins Properties during the second quarter worth about $118,000. Glen Harbor Capital Management LLC raised its stake in Cousins Properties by 46.6% in the first quarter. Glen Harbor Capital Management LLC now owns 14,388 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 4,576 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Cousins Properties during the first quarter worth about $121,000. Finally, Oakbrook Investments LLC raised its stake in Cousins Properties by 7.0% in the first quarter. Oakbrook Investments LLC now owns 15,200 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,000 shares during the last quarter.
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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