Cousins Properties Inc (CUZ) was Downgraded by Robert W. Baird to ” Neutral” and the brokerage firm has set the Price Target at $11. Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Aug 17, 2016.
On the company’s financial health, Cousins Properties Inc reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.22. The company had revenue of $91.30 million for the quarter, compared to analysts expectations of $91.54 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.
Cousins Properties Inc opened for trading at $10.61 and hit $10.745 on the upside on Monday, eventually ending the session at $10.65, with a gain of 0.38% or 0.04 points. The heightened volatility saw the trading volume jump to 16,20,996 shares. Company has a market cap of $2,238 M.
Investors should note that on Aug 3, 2016, Cousins Properties Inc announced a cash dividend of $0.0800. The company’s management has announced Aug 19, 2016 as the ex-dividend date and fixed the record date on Aug 23, 2016. The payable date has been fixed on Sep 6, 2016.
In a different news, on Feb 18, 2016, Lawrence L Iii Gellerstedt (CEO) purchased 11,750 shares at $8.48 per share price. According to the SEC, on Sep 14, 2015, Michael Colin Connolly (Chief Investment Officer) purchased 5,000 shares at $9.23 per share price. On Sep 14, 2015, Gregg D Adzema (CFO) purchased 10,000 shares at $9.08 per share price, according to the Form-4 filing with the securities and exchange commission.
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). Cousins Real Estate Corporation (CREC) is an entity wholly owned by Cousins. Cousins CREC Cousins TRS Services LLC (CTRS) and their subsidiaries (collectively the Company) develop acquire lease manage and own primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia Texas and North Carolina. It operates its business in four segments: Office Retail Land and Other. The Company’s portfolio of real estate assets consists of interests in approximately 15.7 million square feet of office space 80000 square feet of retail space and 404000 square feet (443 units) of apartments. It has ownership interests in various properties including Greenway Plaza Post Oak Central 2100 Ross Avenue 816 Congress and Promenade among others. Its portfolio includes around 16 operating office properties.