Cousins Properties Incorporated (NYSE:CUZ) – SunTrust Banks cut their FY2019 earnings per share (EPS) estimates for shares of Cousins Properties in a report issued on Monday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings of $0.68 per share for the year, down from their previous estimate of $0.71. SunTrust Banks has a “Buy” rating and a $10.00 price target on the stock. SunTrust Banks also issued estimates for Cousins Properties’ FY2020 earnings at $0.72 EPS.
CUZ has been the topic of several other 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 research report on Wednesday, July 5th. ValuEngine upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. BidaskClub lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $10.50 price target on shares of Cousins Properties in a research report on Thursday, September 21st. Finally, Bank of America Corporation increased their price target on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Cousins Properties presently has an average rating of “Buy” and an average price target of $10.10.
WARNING: “SunTrust Banks Comments on Cousins Properties Incorporated’s FY2019 Earnings (CUZ)” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.com-unik.info/2017/11/02/suntrust-banks-comments-on-cousins-properties-incorporateds-fy2019-earnings-cuz.html. Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The business had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $113.51 million. During the same period last year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was up 132.4% compared to the same quarter last year.
Several hedge funds have recently modified their holdings of CUZ. Timber Hill LLC purchased a new position in shares of Cousins Properties in the 2nd quarter valued at $118,000. Advisor Group Inc. raised its stake in shares of Cousins Properties by 40.3% in the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 4,183 shares during the period. Oakbrook Investments LLC raised its stake in shares of Cousins Properties by 2.0% in the 2nd quarter. Oakbrook Investments LLC now owns 15,500 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 300 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Cousins Properties by 94.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 22,400 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 10,900 shares during the period. Finally, US Bancorp DE raised its stake in shares of Cousins Properties by 207.3% in the 2nd quarter. US Bancorp DE now owns 24,357 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 16,432 shares during the period.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Monday, October 2nd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, September 29th. Cousins Properties’s dividend payout ratio is presently 44.44%.
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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