According to Zacks, “Shares of Cousins Properties have outperformed its industry over the past six months. The company’s properties located in premium Sun-Belt markets have enabled it to enjoy robust rent growth and boosted its top-line performance during first-quarter 2019. Also, in March, Cousins Properties announced plans to merge with TIER REIT that will improve market scale and enable it to realize operational and leasing synergies. Going forward, a disciplined balance sheet with ample liquidity will enable it to leverage on improving market fundamentals and raise operational efficiency. However, it is witnessing higher construction activity at its markets. This is expected to increase supply of office properties, resulting in lesser scope for rent and occupancy growth. Further, a significant development pipeline increases operational risks and exposes the company to rising construction costs.”
Separately, Bank of America set a $11.00 target price on shares of Cousins Properties and gave the company a “buy” rating in a report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Cousins Properties presently has an average rating of “Buy” and a consensus target price of $10.67.
Shares of Cousins Properties stock traded up $0.08 during trading hours on Wednesday, hitting $9.42. The company had a trading volume of 109,899 shares, compared to its average volume of 5,324,522. Cousins Properties has a twelve month low of $7.53 and a twelve month high of $10.10. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 3.40 and a beta of 0.98.
Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Cousins Properties had a net margin of 20.18% and a return on equity of 3.49%. The business had revenue of $123.30 million during the quarter, compared to analysts’ expectations of $122.55 million. During the same quarter in the prior year, the business posted $0.15 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts forecast that Cousins Properties will post 0.73 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. JOYN Advisors Inc. boosted its holdings in Cousins Properties by 157.2% in the fourth quarter. JOYN Advisors Inc. now owns 3,449 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,108 shares during the period. Penserra Capital Management LLC acquired a new position in Cousins Properties in the first quarter worth $36,000. Trustcore Financial Services LLC acquired a new position in Cousins Properties in the first quarter worth $46,000. Advisor Group Inc. boosted its holdings in Cousins Properties by 505.9% in the first quarter. Advisor Group Inc. now owns 6,235 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 5,206 shares during the period. Finally, First Mercantile Trust Co. boosted its holdings in Cousins Properties by 27.9% in the fourth quarter. First Mercantile Trust Co. now owns 8,330 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 1,815 shares during the period.
Cousins Properties Company Profile
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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