Cousins Properties Inc (NYSE:CUZ) – Equities research analysts at SunTrust Banks increased their Q1 2020 earnings estimates for Cousins Properties in a report released on Wednesday, February 12th. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings per share of $0.71 for the quarter, up from their previous forecast of $0.68. SunTrust Banks also issued estimates for Cousins Properties’ Q2 2020 earnings at $0.69 EPS, Q3 2020 earnings at $0.70 EPS, Q4 2020 earnings at $0.71 EPS, FY2020 earnings at $2.81 EPS, FY2021 earnings at $2.92 EPS, FY2022 earnings at $3.03 EPS, FY2023 earnings at $3.29 EPS and FY2024 earnings at $3.45 EPS.
Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. The business had revenue of $194.44 million during the quarter, compared to analysts’ expectations of $183.76 million. Cousins Properties had a net margin of 22.88% and a return on equity of 3.77%. The company’s quarterly revenue was up 58.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Cousins Properties from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research note on Thursday, January 2nd. TheStreet raised shares of Cousins Properties from a “c” rating to a “b-” rating in a research note on Tuesday, November 12th. ValuEngine raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus set a $42.00 target price on shares of Cousins Properties and gave the stock a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $34.75.
CUZ stock opened at $42.63 on Friday. The stock has a market capitalization of $6.14 billion, a P/E ratio of 40.22, a P/E/G ratio of 3.09 and a beta of 0.88. The firm has a 50-day simple moving average of $41.16 and a 200-day simple moving average of $38.42. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.50. Cousins Properties has a 52 week low of $32.89 and a 52 week high of $42.74.
Several hedge funds have recently added to or reduced their stakes in CUZ. Prime Capital Investment Advisors LLC grew its stake in Cousins Properties by 243.7% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 708 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 502 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Cousins Properties during the 4th quarter valued at about $29,000. Parallel Advisors LLC purchased a new stake in Cousins Properties during the 3rd quarter valued at about $35,000. Quadrant Capital Group LLC grew its stake in Cousins Properties by 540.4% during the 4th quarter. Quadrant Capital Group LLC now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 843 shares in the last quarter. Finally, NEXT Financial Group Inc purchased a new stake in Cousins Properties during the 4th quarter valued at about $44,000. 95.69% of the stock is owned by institutional investors and hedge funds.
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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