Here's Why Cousins Properties (CUZ) Is Worth Betting On Now
Zacks Investment Research | Mar 18, 2019 11:32PM ET
Cousins Properties Incorporated (NYSE:CUZ) is a promising stock right now backed by its organic and inorganic growth strategies that poises it well for future growth. Further, earnings growth prospects and industry tailwinds make it an attractive pick.
This March, it sold air rights at The Gulch, retaining office development rights on the property. The company will also develop Norfolk Southern’s new headquarters at 650 West Peachtree in Midtown Atlanta. In addition, the company strengthened its portfolio in Midtown Atlanta with the acquisition of 1200 Peachtree, a Class A office building. These transactions offer value-accretion opportunities over the long term, encouraging Cousins Properties to raise its 2019 earnings outlook.
Cousins Properties not only beat estimates in the last reported quarter, but has also been witnessing upward estimate revisions, reflecting analysts’ optimism about its prospects. Over the past 30 days, the Zacks Consensus Estimate for 2019 funds from operations (FFO) per share moved 12.7% north.
Further, this Zacks Rank #2 (Buy) stock has gained around 23.1% over the past three months, outperforming 12% growth recorded by the Original post
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