Positive News Coverage Somewhat Unlikely to Affect Cousins Properties (CUZ) Stock Price
Headlines about Cousins Properties (NYSE:CUZ) have been trending positive on Sunday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cousins Properties earned a news impact score of 0.26 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.0672838638311 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s analysis:
- Zacks: Analysts Expect Cousins Properties Incorporated (NYSE:CUZ) Will Announce Quarterly Sales of $114.07 Million (americanbankingnews.com)
- Cousins Properties confirms major Amazon expansion in Atlanta (Video) (bizjournals.com)
- Cousins Properties Named Top Dividend Stock With Insider Buying and 2.62% Yield (CUZ) (nasdaq.com)
Cousins Properties (NYSE CUZ) traded up 0.22% during trading on Friday, reaching $9.21. 2,601,765 shares of the company were exchanged. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 14.78 and a beta of 1.07. The firm has a 50-day moving average of $8.91 and a 200-day moving average of $8.57. Cousins Properties has a 52-week low of $7.09 and a 52-week high of $11.40.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $119 million during the quarter, compared to the consensus estimate of $114.68 million. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. Cousins Properties’s revenue for the quarter was up 146.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, equities analysts forecast that Cousins Properties will post $0.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Monday, July 3rd were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Thursday, June 29th. Cousins Properties’s dividend payout ratio (DPR) is 42.11%.
A number of brokerages recently weighed in on CUZ. Zacks Investment Research upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, July 5th. ValuEngine cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $8.50 to $10.50 in a report on Tuesday, August 1st. Robert W. Baird upgraded shares of Cousins Properties from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $9.00 to $10.00 in a report on Tuesday, May 16th. Finally, BidaskClub cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $10.17.
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In related news, Director Lillian C. Giornelli sold 5,006 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $8.38, for a total transaction of $41,950.28. Following the completion of the sale, the director now directly owns 102,307 shares of the company’s stock, valued at $857,332.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.14% of the company’s stock.
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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