Stifel Nicolaus Reiterates “Buy” Rating for Cousins Properties Incorporated (CUZ)
Cousins Properties Incorporated (NYSE:CUZ)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a note issued to investors on Thursday. They presently have a $10.50 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 13.88% from the company’s current price.
CUZ has been the subject of several other research reports. Zacks Investment Research raised Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Wednesday, July 5th. ValuEngine lowered Cousins Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered Cousins Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.17.
Shares of Cousins Properties (NYSE:CUZ) opened at 9.22 on Thursday. The stock has a 50 day moving average of $9.22 and a 200 day moving average of $8.73. Cousins Properties has a 1-year low of $7.09 and a 1-year high of $10.86. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 14.80 and a beta of 1.06.
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 (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $119.00 million during the quarter, compared to analyst estimates of $114.68 million. Cousins Properties had a return on equity of 9.37% and a net margin of 49.99%. Cousins Properties’s quarterly revenue was up 146.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. On average, equities analysts forecast that Cousins Properties will post $0.45 EPS for the current year.
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Several institutional investors have recently added to or reduced their stakes in CUZ. BlackRock Inc. grew its stake in shares of Cousins Properties by 7,631.5% during the 1st quarter. BlackRock Inc. now owns 50,398,142 shares of the real estate investment trust’s stock valued at $416,791,000 after purchasing an additional 49,746,289 shares during the period. Vanguard Group Inc. grew its stake in shares of Cousins Properties by 20.8% during the 1st quarter. Vanguard Group Inc. now owns 65,875,457 shares of the real estate investment trust’s stock valued at $544,790,000 after acquiring an additional 11,347,714 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Cousins Properties by 465.1% during the 1st quarter. Nuveen Asset Management LLC now owns 6,859,444 shares of the real estate investment trust’s stock valued at $56,728,000 after acquiring an additional 5,645,530 shares during the period. Prudential Financial Inc. grew its stake in shares of Cousins Properties by 1,045.9% during the 2nd quarter. Prudential Financial Inc. now owns 3,407,185 shares of the real estate investment trust’s stock valued at $29,949,000 after acquiring an additional 3,109,844 shares during the period. Finally, Laurion Capital Management LP bought a new position in shares of Cousins Properties during the 1st quarter valued at approximately $25,416,000.
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.
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