SunTrust Banks set a $10.00 price objective on Cousins Properties (NYSE:CUZ) in a research note issued to investors on Wednesday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Cousins Properties’ Q1 2018 earnings at $0.15 EPS, Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.65 EPS, FY2020 earnings at $0.69 EPS, FY2021 earnings at $0.73 EPS and FY2022 earnings at $0.77 EPS.
CUZ has been the topic of several other reports. Bank of America raised shares of Cousins Properties from a neutral rating to a buy rating and set a $10.00 price objective on the stock in a research note on Monday, December 4th. ValuEngine cut shares of Cousins Properties from a buy rating to a hold rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Cousins Properties from a sell rating to a hold rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $10.10.
Cousins Properties (CUZ) opened at $8.66 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market cap of $3,637.11, a price-to-earnings ratio of 13.75 and a beta of 0.99. Cousins Properties has a 1-year low of $7.81 and a 1-year high of $9.63.
Institutional investors and hedge funds have recently made changes to their positions in the business. Signition LP acquired a new position in Cousins Properties in the 4th quarter valued at $116,000. Zeke Capital Advisors LLC acquired a new position in Cousins Properties in the 3rd quarter valued at $126,000. Advisor Group Inc. increased its stake in Cousins Properties by 40.3% in the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 4,183 shares during the period. BlueCrest Capital Management Ltd acquired a new position in shares of Cousins Properties during the 4th quarter worth $141,000. Finally, Vident Investment Advisory LLC acquired a new position in shares of Cousins Properties during the 4th quarter worth $158,000.
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About Cousins Properties
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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