The Cousins Properties Inc. (CUZ) to Release Quarterly Earnings on Tuesday

The Cousins Properties Inc. (CUZ) to Release Quarterly Earnings on Tuesday

Cousins Properties Inc. (NYSE:CUZ) is set to announce its Q316 earnings results on Tuesday, November 1st. Analysts expect the company to announce earnings of $0.22 per share and revenue of $91.02 million for the quarter.

Shares of Cousins Properties Inc. (NYSE:CUZ) opened at 7.73 on Monday. The firm’s 50-day moving average is $9.38 and its 200 day moving average is $10.30. Cousins Properties Inc. has a 12 month low of $7.19 and a 12 month high of $11.40. The firm has a market capitalization of $1.62 billion, a P/E ratio of 11.68 and a beta of 1.14.

A number of large investors have recently modified their holdings of CUZ. Arizona State Retirement System increased its stake in shares of Cousins Properties by 0.7% in the second quarter. Arizona State Retirement System now owns 103,638 shares of the real estate investment trust’s stock worth $1,078,000 after buying an additional 700 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Cousins Properties during the second quarter worth about $112,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Cousins Properties during the second quarter worth about $135,000. Panagora Asset Management Inc. increased its stake in shares of Cousins Properties by 76.4% in the second quarter. Panagora Asset Management Inc. now owns 110,524 shares of the real estate investment trust’s stock worth $1,149,000 after buying an additional 47,864 shares during the last quarter. Finally, A.R.T. Advisors LLC increased its stake in shares of Cousins Properties by 41.4% in the second quarter. A.R.T. Advisors LLC now owns 179,683 shares of the real estate investment trust’s stock worth $1,868,000 after buying an additional 52,572 shares during the last quarter. 99.99% of the stock is owned by institutional investors and hedge funds.

CUZ has been the subject of several research analyst reports. Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, July 27th. Stifel Nicolaus raised shares of Cousins Properties from a “sell” rating to a “hold” rating and decreased their target price for the stock from $9.50 to $8.00 in a research report on Monday, October 17th. They noted that the move was a valuation call. Finally, Robert W. Baird downgraded shares of Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 target price for the company. in a research report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Cousins Properties has an average rating of “Hold” and an average price target of $10.50.

Cousins Properties Company Profile

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