Cousins Properties (NYSE:CUZ) Price Target Raised to $36.00

Cousins Properties (NYSE:CUZ - Get Free Report) had its price target raised by investment analysts at Barclays from $35.00 to $36.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Barclays's target price indicates a potential upside of 23.92% from the stock's current price.

A number of other brokerages have also recently commented on CUZ. Robert W. Baird increased their price objective on shares of Cousins Properties from $33.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Wells Fargo & Company raised their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. StockNews.com cut shares of Cousins Properties from a "hold" rating to a "sell" rating in a research note on Thursday. Evercore ISI raised their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Finally, Mizuho upgraded shares of Cousins Properties from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.22.

Cousins Properties Stock Up 1.9 %

CUZ stock traded up $0.54 during mid-day trading on Monday, reaching $29.05. The company had a trading volume of 857,300 shares, compared to its average volume of 1,297,186. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. Cousins Properties has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 88.03, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The firm has a fifty day simple moving average of $30.76 and a 200 day simple moving average of $28.78.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm had revenue of $209.21 million for the quarter, compared to analysts' expectations of $212.54 million. During the same quarter in the previous year, the company posted $0.65 EPS. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. Analysts forecast that Cousins Properties will post 2.68 earnings per share for the current fiscal year.

Institutional Trading of Cousins Properties

A number of institutional investors and hedge funds have recently modified their holdings of CUZ. Larson Financial Group LLC grew its position in Cousins Properties by 49.7% in the third 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 during the period. Signaturefd LLC grew its holdings in shares of Cousins Properties by 30.8% during the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 651 shares during the last quarter. Quarry LP grew its holdings in shares of Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock worth $117,000 after purchasing an additional 1,697 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Cousins Properties by 168.0% during the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust's stock worth $120,000 after purchasing an additional 2,543 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Cousins Properties by 74.6% during the third quarter. CWM LLC now owns 4,298 shares of the real estate investment trust's stock worth $127,000 after purchasing an additional 1,836 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

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.