Wells Fargo Sticks to Its Hold Rating for Cousins Properties


In a report released yesterday, Blaine Heck from Wells Fargo maintained a Hold rating on Cousins Properties (NYSE: CUZ). The company’s shares closed yesterday at $9.71, close to its 52-week high of $9.88.

According to TipRanks.com, Heck is a 2-star analyst with an average return of 4.5% and a 71.4% success rate. Heck covers the Financial sector, focusing on stocks such as DCT Industrial Trust Inc, Office Properties Trust, and Highwoods Properties.

Cousins Properties has an analyst consensus of Hold, with a price target consensus of $9.50.

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Based on Cousins Properties’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $16.42 million. In comparison, last year the company had a net profit of $4.82 million.

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Cousins Properties, Inc. engages in the development, acquisition, leasing, and management of real estate assets. It primarily invests in urban office towers located in Sunbelt markets. It operates through the following geographical segments: Atlanta, Charlotte, Austin, Phoenix, Tampa, Orlando, Houston, and Other.

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