Cousins Properties (NYSE:CUZ) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Cousins Properties (NYSE:CUZFree Report) from a sell rating to a hold rating in a report released on Thursday morning.

Separately, Barclays decreased their target price on Cousins Properties from $29.00 to $25.00 and set an overweight rating for the company in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Cousins Properties has a consensus rating of Hold and an average target price of $23.67.

Get Our Latest Research Report on CUZ

Cousins Properties Stock Performance

Shares of CUZ stock opened at $22.91 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 46.76, a price-to-earnings-growth ratio of 3.42 and a beta of 1.27. Cousins Properties has a one year low of $17.40 and a one year high of $25.19. The company has a 50 day moving average price of $23.16 and a 200 day moving average price of $22.84.

Cousins Properties (NYSE:CUZGet Free Report) last released its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The firm had revenue of $209.20 million for the quarter, compared to analyst estimates of $199.35 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Sell-side analysts anticipate that Cousins Properties will post 2.64 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.59%. Cousins Properties’s dividend payout ratio (DPR) is currently 261.22%.

Insider Buying and Selling

In other Cousins Properties news, CFO Gregg D. Adzema sold 71,097 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total value of $1,657,271.07. Following the completion of the transaction, the chief financial officer now owns 85,872 shares in the company, valued at approximately $2,001,676.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cousins Properties

A number of institutional investors have recently added to or reduced their stakes in the company. PARK CIRCLE Co purchased a new stake in shares of Cousins Properties during the third quarter worth about $31,000. Principal Securities Inc. acquired a new stake in Cousins Properties during the 4th quarter valued at approximately $31,000. Cetera Trust Company N.A purchased a new stake in Cousins Properties during the 4th quarter worth approximately $156,000. Van Lanschot Kempen Investment Management N.V. acquired a new position in shares of Cousins Properties in the 3rd quarter valued at approximately $173,000. Finally, Westend Capital Management LLC purchased a new position in shares of Cousins Properties during the 1st quarter valued at approximately $184,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Company Profile

(Get Free Report)

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.

Recommended Stories

Analyst Recommendations for Cousins Properties (NYSE:CUZ)

Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.