Cousins Properties Incorporated (NYSE:CUZ) – Investment analysts at SunTrust Banks increased their Q3 2017 earnings per share (EPS) estimates for Cousins Properties in a report issued on Monday. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings per share of $0.15 for the quarter, up from their prior forecast of $0.14. SunTrust Banks also issued estimates for Cousins Properties’ Q4 2017 earnings at $0.15 EPS, Q1 2018 earnings at $0.15 EPS, FY2019 earnings at $0.70 EPS, FY2020 earnings at $0.74 EPS and FY2021 earnings at $0.78 EPS.

Other analysts also recently issued reports about the company. Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Wednesday, July 5th. Stifel Nicolaus raised 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 research note on Tuesday, August 1st. BidaskClub downgraded Cousins Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine downgraded Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Robert W. Baird raised 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 research note on Tuesday, May 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $10.17.

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Cousins Properties (NYSE:CUZ) opened at 9.17 on Thursday. The firm’s 50-day moving average is $8.95 and its 200 day moving average is $8.60. Cousins Properties has a 1-year low of $7.09 and a 1-year high of $11.40. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 14.72 and a beta of 1.07.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $119 million during the quarter, compared to analyst estimates of $114.68 million. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. Cousins Properties’s quarterly revenue was up 146.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share.

Several hedge funds have recently modified their holdings of CUZ. BlackRock Inc. increased its stake in shares of Cousins Properties by 7,631.5% in the first quarter. BlackRock Inc. now owns 50,398,142 shares of the real estate investment trust’s stock worth $416,791,000 after buying an additional 49,746,289 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Cousins Properties by 20.8% in the first quarter. Vanguard Group Inc. now owns 65,875,457 shares of the real estate investment trust’s stock worth $544,790,000 after buying an additional 11,347,714 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Cousins Properties by 465.1% in the first quarter. Nuveen Asset Management LLC now owns 6,859,444 shares of the real estate investment trust’s stock worth $56,728,000 after buying an additional 5,645,530 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Cousins Properties by 18.0% in the first quarter. Daiwa Securities Group Inc. now owns 21,901,446 shares of the real estate investment trust’s stock worth $181,125,000 after buying an additional 3,347,461 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Cousins Properties by 47.2% in the first quarter. Bank of New York Mellon Corp now owns 9,827,269 shares of the real estate investment trust’s stock worth $81,272,000 after buying an additional 3,150,702 shares during the last quarter.

In other Cousins Properties news, Director Lillian C. Giornelli sold 5,006 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $8.38, for a total value 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 approximately $857,332.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.14% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Monday, July 3rd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Thursday, June 29th. Cousins Properties’s dividend payout ratio (DPR) is presently 42.11%.

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.

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

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