Cousins Properties (NYSE:CUZ) Rating Increased to Overweight at KeyCorp

Cousins Properties (NYSE:CUZ - Get Free Report) was upgraded by KeyCorp from a "sector weight" rating to an "overweight" rating in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage presently has a $34.00 target price on the real estate investment trust's stock. KeyCorp's target price points to a potential upside of 8.63% from the company's previous close.

A number of other equities analysts have also recently weighed in on the company. Robert W. Baird raised their price objective on Cousins Properties from $33.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Monday, November 4th. Evercore ISI boosted 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. BMO Capital Markets downgraded Cousins Properties from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Finally, Barclays increased their price target on shares of Cousins Properties from $30.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Cousins Properties presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Cousins Properties Price Performance

CUZ traded up $0.30 during trading on Tuesday, reaching $31.30. 1,388,249 shares of the company were exchanged, compared to its average volume of 1,305,257. Cousins Properties has a 12-month low of $21.58 and a 12-month high of $32.55. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 94.79, a P/E/G ratio of 4.02 and a beta of 1.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. The company's 50-day moving average is $30.95 and its two-hundred day moving average is $27.81.

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

Institutional Trading of Cousins Properties

Hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC increased its holdings in Cousins Properties by 36.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,660 shares of the real estate investment trust's stock worth $1,004,000 after buying an additional 8,479 shares in the last quarter. Virtu Financial LLC bought a new position in Cousins Properties in the 3rd quarter worth $227,000. TCW Group Inc. purchased a new position in Cousins Properties during the third quarter valued at $1,274,000. Coldstream Capital Management Inc. bought a new position in shares of Cousins Properties during the 3rd quarter valued at approximately $208,000. Finally, Geode Capital Management LLC increased its holdings in 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 worth $84,457,000 after acquiring an additional 36,727 shares in the last quarter. Institutional investors own 94.38% of the company's stock.

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.