Cousins Properties (NYSE:CUZ) had its price objective reduced by Bank of America from $10.50 to $10.25 in a research report released on Monday morning. They currently have a buy rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently weighed in on CUZ. Zacks Investment Research cut shares of Cousins Properties from a hold rating to a sell rating in a research note on Wednesday, June 27th. SunTrust Banks restated a buy rating and set a $10.00 price objective on shares of Cousins Properties in a research note on Thursday, July 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $10.06.

Shares of NYSE CUZ opened at $9.10 on Monday. Cousins Properties has a fifty-two week low of $8.23 and a fifty-two week high of $9.88. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.39. The stock has a market cap of $3.85 billion, a P/E ratio of 15.25, a P/E/G ratio of 4.52 and a beta of 0.93.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). Cousins Properties had a net margin of 17.63% and a return on equity of 2.86%. The company had revenue of $113.70 million for the quarter, compared to the consensus estimate of $115.28 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. Cousins Properties’s revenue for the quarter was down .3% compared to the same quarter last year. analysts predict that Cousins Properties will post 0.61 earnings per share for the current fiscal year.

In related news, insider John S. Mccoll sold 14,333 shares of Cousins Properties stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $9.26, for a total transaction of $132,723.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.94% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in Cousins Properties by 28.6% during the second quarter. Bank of New York Mellon Corp now owns 9,341,948 shares of the real estate investment trust’s stock worth $90,522,000 after acquiring an additional 2,077,127 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Cousins Properties by 80.4% during the second quarter. Public Employees Retirement System of Ohio now owns 900,336 shares of the real estate investment trust’s stock worth $8,724,000 after acquiring an additional 401,356 shares during the period. Jane Street Group LLC grew its holdings in Cousins Properties by 76.8% during the second quarter. Jane Street Group LLC now owns 88,592 shares of the real estate investment trust’s stock worth $858,000 after acquiring an additional 38,492 shares during the period. Vident Investment Advisory LLC grew its holdings in Cousins Properties by 31.9% during the second quarter. Vident Investment Advisory LLC now owns 49,610 shares of the real estate investment trust’s stock worth $481,000 after acquiring an additional 11,986 shares during the period. Finally, Paloma Partners Management Co acquired a new position in Cousins Properties during the second quarter worth about $576,000.

About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

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