Cousins Properties (CUZ) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Cousins Properties (NYSE:CUZ) from a sell rating to a hold rating in a research note published on Friday.

A number of other analysts have also recently issued reports on the company. SunTrust Banks restated a buy rating and set a $10.00 price objective on shares of Cousins Properties in a research report on Thursday, July 26th. Bank of America lowered their price objective on Cousins Properties from $10.50 to $10.25 and set a buy rating on the stock in a research report on Monday, September 10th. TheStreet cut Cousins Properties from a b- rating to a c+ rating in a research report on Friday, October 5th. Finally, Zacks Investment Research upgraded Cousins Properties from a sell rating to a hold rating in a research report on Monday, July 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $9.92.

Shares of CUZ traded down $0.13 on Friday, reaching $8.34. 6,122,290 shares of the stock traded hands, compared to its average volume of 4,249,230. The stock has a market cap of $3.56 billion, a PE ratio of 13.67, a P/E/G ratio of 4.18 and a beta of 0.93. The company has a current ratio of 1.49, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38. Cousins Properties has a 12 month low of $8.17 and a 12 month high of $9.88.



Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $116.60 million for the quarter, compared to analysts’ expectations of $115.91 million. Cousins Properties had a return on equity of 3.12% and a net margin of 19.01%. Cousins Properties’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. Equities analysts forecast that Cousins Properties will post 0.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Wednesday, October 3rd were given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, October 2nd. Cousins Properties’s dividend payout ratio (DPR) is 42.62%.

In other Cousins Properties news, insider John S. Mccoll sold 14,333 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $9.26, for a total value of $132,723.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Large investors have recently made changes to their positions in the business. Vident Investment Advisory LLC grew its position in Cousins Properties by 31.9% in the second quarter. Vident Investment Advisory LLC now owns 49,610 shares of the real estate investment trust’s stock valued at $481,000 after acquiring an additional 11,986 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cousins Properties by 175.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,760 shares of the real estate investment trust’s stock valued at $1,044,000 after acquiring an additional 68,652 shares during the period. CIBC Private Wealth Group LLC grew its position in Cousins Properties by 15,919.3% in the second quarter. CIBC Private Wealth Group LLC now owns 21,626 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 21,491 shares during the period. Argent Capital Management LLC grew its position in Cousins Properties by 2.2% in the second quarter. Argent Capital Management LLC now owns 317,450 shares of the real estate investment trust’s stock valued at $3,076,000 after acquiring an additional 6,850 shares during the period. Finally, American International Group Inc. grew its position in Cousins Properties by 1.2% in the second quarter. American International Group Inc. now owns 1,112,020 shares of the real estate investment trust’s stock valued at $10,775,000 after acquiring an additional 13,207 shares during the period.

Cousins Properties Company Profile

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

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