Trading Report: The Brokers Offer Predictions for Cousins Properties Inc.’s FY2016 Earnings (CUZ)

The Brokers Offer Predictions for Cousins Properties Inc.’s FY2016 Earnings (CUZ)

Cousins Properties Inc. (NYSE:CUZ) – Investment analysts at Capital One Financial Corp. decreased their FY2016 earnings estimates for shares of Cousins Properties in a research note issued to investors on Friday. Capital One Financial Corp. analyst T. Lesnick now anticipates that the firm will post earnings per share of $0.77 for the year, down from their previous forecast of $0.87. Capital One Financial Corp. also issued estimates for Cousins Properties’ Q4 2016 earnings at $0.15 EPS, Q1 2017 earnings at $0.14 EPS, Q2 2017 earnings at $0.15 EPS, Q3 2017 earnings at $0.15 EPS and Q4 2017 earnings at $0.16 EPS.

A number of other equities research analysts also recently weighed in on CUZ. Zacks Investment Research upgraded Cousins Properties from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, July 27th. Robert W. Baird downgraded Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Wednesday, August 17th. Finally, Stifel Nicolaus downgraded Cousins Properties from a “hold” rating to a “sell” rating and lowered their price target for the company from $11.50 to $9.50 in a report on Thursday, September 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.88.

Cousins Properties (NYSE:CUZ) opened at 7.57 on Monday. The firm has a market cap of $1.59 billion, a P/E ratio of 11.44 and a beta of 1.14. Cousins Properties has a 1-year low of $7.19 and a 1-year high of $11.40. The stock’s 50 day moving average price is $10.63 and its 200 day moving average price is $10.55.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.01. The firm had revenue of $92.70 million for the quarter, compared to analyst estimates of $89.52 million. Cousins Properties had a return on equity of 8.41% and a net margin of 37.51%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Cousins Properties by 0.8% in the second quarter. Vanguard Group Inc. now owns 31,529,052 shares of the real estate investment trust’s stock worth $327,902,000 after buying an additional 263,777 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Cousins Properties by 0.7% in the second quarter. BlackRock Fund Advisors now owns 14,105,162 shares of the real estate investment trust’s stock worth $146,694,000 after buying an additional 93,443 shares during the last quarter. Systematic Financial Management LP increased its position in shares of Cousins Properties by 4,510.8% in the second quarter. Systematic Financial Management LP now owns 8,821,996 shares of the real estate investment trust’s stock worth $91,748,000 after buying an additional 8,630,661 shares during the last quarter. Lasalle Investment Management Securities LLC increased its position in shares of Cousins Properties by 4.4% in the second quarter. Lasalle Investment Management Securities LLC now owns 7,882,761 shares of the real estate investment trust’s stock worth $81,981,000 after buying an additional 333,036 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Cousins Properties by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,800,366 shares of the real estate investment trust’s stock worth $80,968,000 after buying an additional 79,193 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

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