Cousins Properties (NYSE:CUZ) Upgraded by StockNews.com to “Hold” Rating

Cousins Properties (NYSE:CUZ) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Several other equities research analysts have also issued reports on CUZ. Truist Financial lifted their price target on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Jefferies Financial Group began coverage on shares of Cousins Properties in a report on Monday. They set a “buy” rating and a $35.00 price target on the stock. Robert W. Baird cut their price target on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and raised their price target for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Finally, Barclays dropped their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.89.

Cousins Properties Stock Up 0.6 %

Shares of Cousins Properties stock traded up $0.17 during midday trading on Tuesday, hitting $29.52. The company’s stock had a trading volume of 1,222,612 shares, compared to its average volume of 1,211,398. The firm has a market capitalization of $4.95 billion, a P/E ratio of 98.41, a PEG ratio of 2.98 and a beta of 1.28. The stock has a 50-day simple moving average of $29.92 and a 200-day simple moving average of $30.17. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties has a 1-year low of $21.58 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. As a group, sell-side analysts expect that Cousins Properties will post 2.76 earnings per share for the current year.

Institutional Trading of Cousins Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System grew its position in Cousins Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust’s stock worth $1,353,000 after purchasing an additional 366 shares during the last quarter. Quarry LP boosted its position in shares of Cousins Properties by 9.4% during the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 375 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 395 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 438 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Cousins Properties by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust’s stock valued at $695,000 after acquiring an additional 485 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.