Cousins Properties Inc (NYSE:CUZ) announces a quarterly dividend of $0.06

Several hedge funds have recently made changes to their positions in the stock. FMR LLC now owns 37,539,059 shares of the real estate investment trust's stock worth $319,458,000 after buying an additional 15,182,879 shares in the last quarter. Oakbrook Investments LLC increased its position in shares of Cousins Properties by 7.0% in the first quarter. Bank of New York Mellon Corp raised its position in Cousins Properties by 47.2% in the first quarter. For the last quarter, the stock has performed 2.11%.

Whittier Trust Co increased Midcap Spdr Tr Unit Ser 1 (MDY) stake by 1,838 shares to 147,920 valued at $44.63 million in 2016Q4. Amalgamated Bank now owns 48,695 shares of the real estate investment trust's stock valued at $403,000 after buying an additional 1,134 shares during the period. Finally, Nuveen Fund Advisors LLC acquired a new stake in Cousins Properties during the third quarter valued at approximately $132,000. American International Group Inc. now owns 154,949 shares of the real estate investment trust's stock worth $1,618,000 after buying an additional 1,671 shares during the last quarter. Moreover, Wells Fargo & Mn has 0.01% invested in Cousins Properties Inc (NYSE:CUZ) for 2.85M shares.

The stock's 50 day moving average is 8.47 and its 200 day moving average is 8.35.

Cousins Properties Inc (NYSE:CUZ) as of recent trade, has shown weekly upbeat performance of 0.46% which was maintained at 3.07% in 1-month period. Cousins Properties Inc (NYSE:CUZ) has a market cap of $3.69 Billion and the number of outstanding shares have been calculated 422.33 Million. Cousins Properties Incorporated P/E (price to earnings) ratio is 49.6 and Forward P/E ratio of 45.95. The analysts estimated EPS for the higher end at 0.03 and lower end at 0.01 while the year ago reported earnings per share was 0. Sure, the percentage is encouraging but more headwinds are coming as looking out over a next 5-year period, analysts expect the company to see its earnings go down by 0%, annually. Cousins Properties's revenue for the quarter was up 147.8% compared to the same quarter past year. The firm's revenue was up 147.8% compared to the same quarter previous year. Analysts anticipate that Cousins Properties Inc will post $0.13 earnings per share for the current fiscal year.

On 1/18/2013 Cousins Properties Inc announced a quarterly dividend of $0.05. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and worldwide copyright and trademark law. The correct version of this report can be viewed at https://www.themarketsdaily.com/2017/06/02/cousins-properties-inc-cuz-stock-rating-lowered-by-valuengine.html. Baird raised shares of Cousins Properties from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $9.00 to $10.00 in a report on Tuesday, May 16th.

Cousins Properties Incorporated (NYSE:CUZ) was up 0.71% at $8.56 on Tuesday, in a 52-week range of $7.04 to $8.82 and with a consensus analyst target price of $9.29. They now have a Dollars 10 price target on the stock. EPS breaks down the profitability of the company on a single share basis. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

ILLEGAL ACTIVITY NOTICE: "Lillian C. Giornelli Sells 5,006 Shares of Cousins Properties Inc (CUZ) Stock" was posted by The Cerbat Gem and is owned by of The Cerbat Gem. The shares were purchased at an average cost of $7.91 per share, for a total transaction of $395,500.00. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. The disclosure for this sale can be found here.

Analysts' mean recommendation for Cousins Properties Incorporated (CUZ) stands at 2.50. The Company's divisions include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other.

  • Zachary Reyes