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Cousins Properties Incorporated
Type
Public company
Traded as NYSE: CUZ
S&P 400 component
Founded 1958; 59 years ago (1958)
Founder Tom Cousins
Headquarters Atlanta, Georgia
Key people
S. Taylor Glover, Chairman
Lawrence L. Gellerstedt III, CEO
Gregg D. Adzema, CFO
Revenue Increase $0.259 billion (2016)
Net income
Decrease $0.080 billion (2016)
Total assets Increase $4.171 billion (2016)
Total equity Increase $2.455 billion (2016)
Number of employees
279 (2016)
Website www.cousinsproperties.com

Cousins Properties Incorporated is a publicly-traded real estate investment trust that invests in office buildings in Florida, Georgia, Arizona, Texas, and North Carolina. The company has developed notable properties including CNN Center, Omni Coliseum, 191 Peachtree Tower, and Emory Point in Atlanta.

As of December 31, 2016, the company owned 31 properties comprising 17.0 million square feet.

The company was founded in 1958 by Tom Cousins.

In 1962, the company became a public company via an initial public offering.

In 1965, the company built an office building in downtown Atlanta.

In the 1970s, the company expanded into regional malls, real estate finance, and insurance but pared back after the economy softened.

In 1987, Tom Cousins formed the Cousins Foundation and funded it with stock in the company.

In 2002, Thomas Cousins retired from his position as CEO, but remained chairman of the board of directors until the end of 2006, at which time he retired. R. Dary Stone also stepped down from the president and COO positions in 2002.

In 2004, the company partnered with Jim Wilson and Associates, Inc. to develop The Avenue at Carriage Crossing.

In 2006, the company sold Frost Bank Tower, which it developed in 2004, to Equity Office for $188 million. The company also sold Bank of America Plaza in Atlanta for $436 million. In 2012, the building was sold at a foreclosure auction for $235 million.

In 2013, the company acquired Park Oak Central Tower. It also acquired Greenway Plaza for $950 million.

In 2016, the company sold 191 Peachtree Tower for $268 million. The company also sold The Points at Waterview for $26.8 million and North Point Center East for $92.3 million.

In 2016, the company acquired Parkway Properties and spun off its Houston assets into Parkway, Inc.

In 2017, the company sold the American Cancer Society Building in Atlanta for $166 million.

News

Cousins Properties Incorporated 3.86% (real estate)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2020 2020-10-21 Future report Set alerts
Q2 2020 2020-07-30 0.16 0.16
Q1 2020 2020-04-30 1.18 1.18
Q4 2019 2020-02-05 0.80 0.80
Q3 2019 2019-10-23 0.14 0.14
Q2 2019 2019-07-24 0.00 -0.20
Q1 2019 2019-04-24 0.32 0.32
Q4 2018 2019-02-06 0.20 0.20
Q3 2018 2018-10-24 0.20 0.20
Q2 2018 2018-07-25 0.20 0.20

Ratings

2016-01-07 Upgrade Robert W. Baird Neutral to Outperform $12.00
2015-11-24 Lower Price Target JPMorgan Chase & Co. Neutral $12.00 to $11.00
2015-06-01 Reiterated Rating JPMorgan Chase & Co. Neutral $13.00 to $12.00
2015-02-13 Reiterated Rating Cantor Fitzgerald Sell $13.50
2015-01-13 Downgrade Robert W. Baird Outperform to Neutral $13.00
2014-12-03 Downgrade Bank of America Buy to Neutral
2014-12-03 Downgrade Stifel Nicolaus Buy to Hold $13.50
2014-12-03 Downgrade Bank of America Corp. Buy to Neutral
2014-10-21 Initiated Coverage SunTrust Buy
2014-10-21 Initiated Coverage SunTrust Banks Inc. Buy
2014-10-14 Reiterated Rating JPMorgan Chase & Co. Neutral $12.00 to $13.00
2014-09-10 Initiated Coverage Capital One Financial Corp. Equal Weight $14.00
2014-05-14 Boost Price Target Robert W. Baird Outperform $12.00 to $13.00
2014-05-12 Upgrade Stifel Nicolaus Hold to Buy $13.00
2014-04-23 Boost Price Target JPMorgan Chase & Co. Neutral $11.00 to $12.00
2013-10-31 Boost Price Target JPMorgan Chase & Co. Neutral $10.00 to $11.00
2013-09-17 Reiterated Rating JPMorgan Chase & Co. Neutral $10.00
2012-07-09 Downgrade Cantor Fitzgerald Hold to Sell
2012-02-23 Upgrade Stifel Nicolaus Hold to Buy $9
2010-11-10 Upgrade Stifel Nicolaus Hold to Buy $9
2010-07-16 Upgrade Robert W. Baird Neutral to Outperform $8 to $9
2009-08-20 Downgrade Stifel Nicolaus Hold to Sell
2009-06-15 Initiated Stifel Nicolaus Hold
2008-09-30 Initiated Robert W. Baird Neutral $25
2008-05-14 Reiterated Lehman Brothers Equal-Weight $25 to $26
2008-02-26 Reiterated Lehman Brothers Equal-weight $24 to $25
2007-12-18 Downgrade Lehman Brothers Overweight to Equal-weight
2007-11-07 Reiterated Lehman Brothers Overweight $32 to $30
2007-09-24 Upgrade Wachovia Mkt Perform to Outperform
2007-02-07 Reiterated Lehman Brothers Overweight $38 to $40
2016-01-07 Upgrade Robert W. Baird Neutral to Outperform $12.00
2015-11-24 Lower Price Target JPMorgan Chase & Co. Neutral $12.00 to $11.00
2015-06-01 Reiterated Rating JPMorgan Chase & Co. Neutral $13.00 to $12.00
2015-02-13 Reiterated Rating Cantor Fitzgerald Sell $13.50
2015-01-13 Downgrade Robert W. Baird Outperform to Neutral $13.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
COUSINS THOMAS G Chairman Emeritus 3.17%  (6299598) CUZ /
GELLERSTEDT LAWRENCE L III President & CEO 0.34%  (665572) CUZ / RKT /
Glover S Taylor Chairman of the Board 0.24%  (485284) CUZ /
ADZEMA GREGG D EVP and CFO 0.10%  (194122) CUZ /
STONE R DARY 0.09%  (188463) CUZ /
MCCOLL JOHN S Executive Vice President 0.07%  (137431) CUZ /
Connolly Michael Colin Chief Investment Officer 0.06%  (127015) CUZ /
JONES CRAIG B Executive Vice President 0.06%  (123865) CUZ /
GIORNELLI LILLIAN C 0.06%  (116597) CUZ /
HANCE JAMES H JR 0.05%  (93768) AYI / CG / CUZ / DUK / F / S /
CANNADA CHARLES T 0.05%  (89768) CUZ / PKY /
PAYNE WILLIAM PORTER 0.04%  (85726) CUZ / LNC /
Roper Pamela F Senior Vice President 0.04%  (80293) CUZ /
Mixson Brenda J 0.04%  (76494) CUZ / PKY /
Casal Edward Manuel 0.03%  (63204) CUZ / PKY /
CHARLESWORTH TOM G 0.03%  (60030) CUZ /
Hyland Donna Westbrook 0.03%  (54449) CUZ / GPC /
CHAPMAN ROBERT M 0.02%  (44354) CUZ / RKT /
EDWARDS JAMES D 0.02%  (40024) CUZ / HURN /
Harris John D Jr Senior Vice President 0.02%  (39067) CUZ /
Jackson Robert M Senior Vice President 0.02%  (30347) CONE / CUZ /
Ellis James T SVP 0.01%  (26256) CUZ /
Cohn Michael I EVP 0.01%  (23345) CUZ /

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