Cousins Properties (CUZ) Shares Gap Up to $9.09

Cousins Properties Incorporated (NYSE:CUZ) shares gapped up before the market opened on Tuesday . The stock had previously closed at $8.86, but opened at $9.09. Cousins Properties shares last traded at $9.30, with a volume of 7111900 shares traded.

CUZ has been the subject of a number of recent research reports. SunTrust Banks restated a “buy” rating and set a $10.00 price objective on shares of Cousins Properties in a research note on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and set a $10.50 price objective on shares of Cousins Properties in a research note on Thursday, September 21st. BidaskClub upgraded Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. ValuEngine upgraded Cousins Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. Finally, Bank of America upgraded 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Cousins Properties presently has a consensus rating of “Buy” and a consensus price target of $10.10.

The firm has a market capitalization of $3,817.99, a P/E ratio of 14.43 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). The company had revenue of $113.20 million for the quarter, compared to the consensus estimate of $113.51 million. Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. Cousins Properties’s quarterly revenue was up 132.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. equities analysts predict that Cousins Properties Incorporated will post 0.61 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in CUZ. Timber Hill LLC bought a new position in shares of Cousins Properties in the second quarter worth $118,000. Zeke Capital Advisors LLC bought a new position in shares of Cousins Properties in the third quarter worth $126,000. Advisor Group Inc. grew its stake in shares of Cousins Properties by 40.3% in the second quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 4,183 shares in the last quarter. Riverhead Capital Management LLC grew its stake in shares of Cousins Properties by 94.8% in the second quarter. Riverhead Capital Management LLC now owns 22,400 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 10,900 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Cousins Properties in the third quarter worth $202,000.

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Cousins Properties Company Profile

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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