Cousins Properties Inc (CUZ) Receives $10.13 Average Price Target from Analysts

Shares of Cousins Properties Inc (NYSE:CUZ) have received an average rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $10.13.

CUZ has been the topic of a number of recent analyst reports. Bank of America upgraded shares of Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Monday, December 4th. Zacks Investment Research downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. SunTrust Banks set a $10.00 target price on shares of Cousins Properties and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, ValuEngine downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.

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Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Cousins Properties by 4.6% in the fourth quarter. BlackRock Inc. now owns 57,131,287 shares of the real estate investment trust’s stock valued at $528,463,000 after purchasing an additional 2,522,133 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Cousins Properties by 4.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 22,962,236 shares of the real estate investment trust’s stock valued at $212,400,000 after purchasing an additional 1,066,008 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Cousins Properties by 95.0% in the fourth quarter. Bank of New York Mellon Corp now owns 11,603,704 shares of the real estate investment trust’s stock valued at $107,335,000 after purchasing an additional 5,653,879 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Cousins Properties by 263.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,443,252 shares of the real estate investment trust’s stock valued at $78,100,000 after purchasing an additional 6,122,947 shares during the last quarter. Finally, Virtus Fund Advisers LLC increased its holdings in shares of Cousins Properties by 7.9% in the fourth quarter. Virtus Fund Advisers LLC now owns 5,945,500 shares of the real estate investment trust’s stock valued at $55,353,000 after purchasing an additional 435,900 shares during the last quarter.



CUZ traded down $0.22 during trading on Monday, reaching $8.39. 5,396,857 shares of the stock were exchanged, compared to its average volume of 3,514,657. The company has a market cap of $3,645.51, a price-to-earnings ratio of 13.78, a PEG ratio of 3.65 and a beta of 0.92. Cousins Properties has a twelve month low of $7.81 and a twelve month high of $9.63. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.39.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.07). The firm had revenue of $109.94 million for the quarter, compared to analyst estimates of $109.05 million. Cousins Properties had a return on equity of 7.77% and a net margin of 46.90%. research analysts forecast that Cousins Properties will post 0.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Tuesday, April 3rd will be issued a $0.065 dividend. This is an increase from Cousins Properties’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Monday, April 2nd. Cousins Properties’s payout ratio is currently 39.34%.

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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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