06 July, 2017
The firm owned 44,044 shares of the real estate investment trust's stock after buying an additional 33,181 shares during the period. Geode Capital Management LLC owned about 0.92% of Cousins Properties worth $30,738,000 as of its most recent filing with the SEC.
More notable recent Cousins Properties Inc (NYSE:CUZ) news were published by: Seekingalpha.com which released: "Cousins Properties' (CUZ) CEO Larry Gellerstedt on Q4 2016 Results - Earnings ..." on February 09, 2017, also Nasdaq.com with their article: "TPG Group Holdings (SBS) Advisors, Inc". After $0.17 actual earnings per share reported by Cousins Properties Inc for the previous quarter, Wall Street now forecasts -11.76% negative EPS growth. Dimensional Fund Advisors LP now owns 4,698,968 shares of the real estate investment trust's stock worth $39,986,000 after buying an additional 1,837,508 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Cousins Properties by 19.6% in the fourth quarter. Meadow Creek Investment Management LLC now owns 22,236 shares of the real estate investment trust's stock worth $184,000 after buying an additional 7,072 shares during the last quarter. Nomura Asset Management Ltd holds 0.03% of its portfolio in Cousins Properties Inc (NYSE:CUZ) for 221,152 shares. Glen Harbor Capital Management LLC now owns 14,388 shares of the real estate investment trust's stock worth $119,000 after buying an additional 4,576 shares during the last quarter. Bessemer Grp Inc has invested 0% in Franks International NV (NYSE:FI). Dalton Greiner Hartman Maher And reported 0.65% in Cousins Properties Inc (NYSE:CUZ).
Cousins Properties Incorporated (NYSE CUZ) traded up 0.11% during midday trading on Friday, reaching $8.79. Cousins Properties Incorporated has a 12-month low of $7.04 and a 12-month high of $9.10. The company's Market capitalization reached to $3.61 billion, $418.90 million outstanding shares. However the price at the close of last session was 3.25% higher than its 50-day moving average and 8.39% over its 200-day moving average.
Cousins Properties Inc (NYSE:CUZ) now has a trailing P/E of 44.82 while its forward P/E according to Thomson Reuters is 46.95. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.13. Cousins Properties had a return on equity of 0.75% and a net margin of 3.57%.
In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for Cousins Properties Incorporated as 114.88 Million. During the same quarter in the prior year, the firm earned $0.21 earnings per share.
Quarterly Revenue growth year over year is 149.1 Percent. Equities research analysts predict that Cousins Properties Incorporated will post $0.13 EPS for the current year. Investors of record on Monday, July 3rd will be issued a dividend of $0.06 per share. The $0.06 per share quarterly common dividend equates to $0.24 per share on an annualized basis. The firm has "Hold" rating by TD Securities given on Thursday, June 1.
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Stock market analysts watching Cousins Properties Incorporated (NYSE:CUZ) have recently changed their ratings on the stock.
Cousins Properties Incorporated (CUZ) reported sales (ttm) of 331.1 Million, whereas, 5 number of analysts estimated the mean sale of 113.21 million. Finally, Robert W. Baird upgraded Cousins Properties from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $9.00 to $10.00 in a report on Tuesday, May 16th. ValuEngine lowered shares of Cousins Properties from a "buy" rating to a "hold" rating in a report on Friday, June 2nd.
In other Cousins Properties news, Director Lillian C. Giornelli sold 10,303 shares of the company's stock in a transaction that occurred on Monday, April 10th. Total Debt/Equity is 41.52 and the Book value per Share is 6.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10,303 shares valued at $86,217 were sold by GIORNELLI LILLIAN C on Thursday, April 6. The analysts, on average, are forecasting a $9.29 price target, but the stock is already up 27.04% from its recent lows. Following the completion of the transaction, the director now owns 102,307 shares in the company, valued at approximately $862,448.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,203 shares of company stock valued at $700,907. During the past three months the stock gain 6.29%, bringing six months performance to 5.65%.
The Company, through Cousins TRS Services LLC, owns and manages its own real estate portfolio and performs certain real estate related services for other parties.
