Cousins Properties Incorporated (NYSE:CUZ) Stock Rating Lowered by BidaskClub

Cousins Properties Incorporated (NYSE:CUZ) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, July 11th.

Other equities analysts have also issued research reports about the company. 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, Robert W. Baird raised Cousins Properties from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $9.00 to $10.00 in a research report on Tuesday, May 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $10.17.

Shares of Cousins Properties (NYSE CUZ) opened at 9.08 on Tuesday. Cousins Properties has a 12-month low of $7.09 and a 12-month high of $11.40. The stock’s 50 day moving average price is $8.96 and its 200-day moving average price is $8.61. The company has a market cap of $3.81 billion, a PE ratio of 14.57 and a beta of 1.07.

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, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $119 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%. The company’s revenue for the quarter was up 146.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. On average, equities research analysts forecast that Cousins Properties will post $0.13 earnings per share for the current year.

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In other Cousins Properties news, Director Lillian C. Giornelli sold 5,006 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was 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 in the company, valued at approximately $857,332.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.14% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Cousins Properties by 0.7% in the second quarter. Vanguard Group Inc. now owns 66,349,682 shares of the real estate investment trust’s stock worth $583,214,000 after buying an additional 474,225 shares during the period. BlackRock Inc. increased its position in shares of Cousins Properties by 7.1% in the second quarter. BlackRock Inc. now owns 54,000,967 shares of the real estate investment trust’s stock worth $474,666,000 after buying an additional 3,602,825 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Cousins Properties by 10.8% in the second quarter. Daiwa Securities Group Inc. now owns 24,258,089 shares of the real estate investment trust’s stock worth $213,228,000 after buying an additional 2,356,643 shares during the period. State Street Corp increased its position in shares of Cousins Properties by 13.4% in the first quarter. State Street Corp now owns 17,661,570 shares of the real estate investment trust’s stock worth $146,057,000 after buying an additional 2,087,693 shares during the period. Finally, Northern Trust Corp increased its position in shares of Cousins Properties by 15.7% in the second quarter. Northern Trust Corp now owns 10,382,467 shares of the real estate investment trust’s stock worth $91,262,000 after buying an additional 1,411,479 shares during the period.

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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