Cousins Properties (NYSE:CUZ) Downgraded to Sell Rating by StockNews.com

Cousins Properties (NYSE:CUZ - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Thursday.

Other research analysts have also issued reports about the company. Truist Financial upped their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. 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 report on Monday, September 16th. BMO Capital Markets downgraded shares of Cousins Properties from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Jefferies Financial Group raised shares of Cousins Properties from a "hold" rating to a "buy" rating and lifted their price objective for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. Finally, 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 research note on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $33.11.

Cousins Properties Stock Performance

CUZ stock traded down $0.03 during midday trading on Thursday, reaching $29.59. 1,081,777 shares of the company were exchanged, compared to its average volume of 1,411,995. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 89.67, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The business has a 50-day moving average price of $30.81 and a two-hundred day moving average price of $28.65. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17.

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

Institutional Trading of Cousins Properties

A number of large investors have recently bought and sold shares of CUZ. JPMorgan Chase & Co. boosted its position in shares of Cousins Properties by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust's stock valued at $51,580,000 after purchasing an additional 309,571 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Cousins Properties by 368.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust's stock valued at $23,052,000 after buying an additional 615,118 shares during the period. Jennison Associates LLC grew its position in shares of Cousins Properties by 15.9% during the 3rd quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust's stock worth $65,016,000 after buying an additional 302,309 shares during the period. AXA S.A. bought a new stake in shares of Cousins Properties in the 2nd quarter valued at $597,000. Finally, Geode Capital Management LLC increased its stake in shares of Cousins Properties by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust's stock valued at $84,457,000 after acquiring an additional 36,727 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

About Cousins Properties

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.