Cousins Properties Inc (NYSE:CUZ) – Analysts at Capital One Financial cut their Q1 2018 earnings per share estimates for Cousins Properties in a research note issued on Thursday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.16. Capital One Financial also issued estimates for Cousins Properties’ Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.61 EPS and FY2019 earnings at $0.65 EPS.
A number of other equities analysts also recently commented on CUZ. ValuEngine downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Bank of America upgraded shares of Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Cousins Properties currently has a consensus rating of “Buy” and a consensus price target of $10.10.
Several institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. lifted its stake in Cousins Properties by 1.9% in the 2nd quarter. Macquarie Group Ltd. now owns 172,360 shares of the real estate investment trust’s stock valued at $1,515,000 after purchasing an additional 3,250 shares during the last quarter. Advisor Group Inc. lifted its stake in 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 purchasing an additional 4,183 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Cousins Properties by 21.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,061 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 6,359 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Cousins Properties by 3.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 226,271 shares of the real estate investment trust’s stock valued at $1,989,000 after purchasing an additional 8,304 shares during the last quarter. Finally, Prospector Partners LLC lifted its stake in Cousins Properties by 1.8% in the 3rd quarter. Prospector Partners LLC now owns 522,750 shares of the real estate investment trust’s stock valued at $4,882,000 after purchasing an additional 9,100 shares during the last quarter.
In other news, insider S Taylor Glover sold 74,351 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $9.41, for a total transaction of $699,642.91. Following the completion of the transaction, the insider now directly owns 485,284 shares in the company, valued at approximately $4,566,522.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.14% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.81%. Cousins Properties’s dividend payout ratio is 47.06%.
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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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