Somewhat Positive News Coverage Somewhat Unlikely to Affect Cousins Properties (CUZ) Share Price
News headlines about Cousins Properties (NYSE:CUZ) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cousins Properties earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.5773419556793 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Cousins Properties (NYSE:CUZ) opened at 9.08 on Friday. The company has a market capitalization of $3.81 billion, a PE ratio of 14.57 and a beta of 1.07. The stock has a 50 day moving average of $8.96 and a 200-day moving average of $8.61. Cousins Properties has a 12-month low of $7.09 and a 12-month high of $11.40.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. The business had revenue of $119 million during the quarter, compared to the consensus estimate of $114.68 million. During the same period in the previous year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 146.4% on a year-over-year basis. Equities analysts expect that Cousins Properties will post $0.13 earnings per share 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 issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Thursday, June 29th. Cousins Properties’s dividend payout ratio (DPR) is 42.11%.
CUZ has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock 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. Robert W. Baird upgraded shares of Cousins Properties from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $9.00 to $10.00 in a report on Tuesday, May 16th. BidaskClub cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $8.50 to $10.50 in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Cousins Properties presently has an average rating of “Buy” and a consensus price target of $10.17.
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In related news, Director Lillian C. Giornelli sold 5,006 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 102,307 shares of the company’s stock, valued at $857,332.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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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