Cousins Properties Incorporated (NYSE:CUZ) – Equities research analysts at Capital One Financial Corporation boosted their Q1 2017 EPS estimates for Cousins Properties in a research note issued on Monday. Capital One Financial Corporation analyst T. Lesnick now expects that the brokerage will post earnings per share of $0.14 for the quarter, up from their prior estimate of $0.13. Capital One Financial Corporation also issued estimates for Cousins Properties’ FY2017 earnings at $0.60 EPS and FY2018 earnings at $0.66 EPS.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $0.18 EPS for the quarter, beating the consensus estimate of $0.02 by $0.16. The business earned $114.29 million during the quarter, compared to analysts’ expectations of $100.16 million. Cousins Properties had a return on equity of 4.49% and a net margin of 20.13%. The company’s quarterly revenue was up 135.5% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS.

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Earnings History and Estimates for Cousins Properties (NYSE:CUZ)

Separately, Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a report on Thursday.

Shares of Cousins Properties (NYSE:CUZ) opened at 8.72 on Thursday. Cousins Properties has a 12-month low of $6.03 and a 12-month high of $8.82. The stock has a 50 day moving average price of $8.49 and a 200 day moving average price of $7.92. The firm has a market capitalization of $3.43 billion, a PE ratio of 27.95 and a beta of 1.06.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Shareholders of record on Friday, January 13th were issued a dividend of $0.06 per share. This is a positive change from Cousins Properties’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Wednesday, January 11th. Cousins Properties’s dividend payout ratio (DPR) is 77.42%.

“Q1 2017 EPS Estimates for Cousins Properties Incorporated (CUZ) Lifted by Capital One Financial Corporation” was published by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this story can be accessed at http://www.dailypolitical.com/2017/02/17/q1-2017-eps-estimates-for-cousins-properties-incorporated-cuz-lifted-by-capital-one-financial-corporation.html.

A number of large investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Cousins Properties by 67.9% in the fourth quarter. FMR LLC now owns 37,539,059 shares of the real estate investment trust’s stock worth $319,458,000 after buying an additional 15,182,879 shares during the period. BlackRock Fund Advisors raised its position in Cousins Properties by 11.8% in the third quarter. BlackRock Fund Advisors now owns 15,768,098 shares of the real estate investment trust’s stock worth $164,619,000 after buying an additional 1,662,936 shares during the period. State Street Corp raised its position in Cousins Properties by 103.0% in the fourth quarter. State Street Corp now owns 15,573,877 shares of the real estate investment trust’s stock worth $132,530,000 after buying an additional 7,901,086 shares during the period. Daiwa Securities Group Inc. raised its position in Cousins Properties by 416.3% in the third quarter. Daiwa Securities Group Inc. now owns 8,040,674 shares of the real estate investment trust’s stock worth $59,250,000 after buying an additional 6,483,437 shares during the period. Finally, RidgeWorth Capital Management LLC acquired a new position in Cousins Properties during the fourth quarter worth $62,016,000. 67.92% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:CUZ

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