Cousins Properties (NYSE:CUZ) Upgraded to Hold at StockNews.com

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

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets downgraded Cousins Properties from an "outperform" rating to a "market perform" rating and raised their target price for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. Barclays lowered their price objective on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group started coverage on shares of Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 target price on the stock. Truist Financial upped their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Robert W. Baird reduced their price target on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.89.

Remove Ads

Cousins Properties Stock Performance

Cousins Properties stock traded down $0.22 during trading hours on Tuesday, hitting $29.61. The company had a trading volume of 2,973,561 shares, compared to its average volume of 1,205,347. The firm has a 50-day moving average of $29.95 and a 200 day moving average of $30.19. The firm has a market cap of $4.97 billion, a PE ratio of 98.70, a PEG ratio of 2.98 and a beta of 1.28. 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 0.64, a current ratio of 0.74 and a quick ratio of 0.74.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CUZ. Arizona State Retirement System lifted 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 valued at $1,353,000 after acquiring an additional 366 shares in the last quarter. Quarry LP grew its holdings in Cousins Properties by 9.4% during the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 375 shares during the period. UMB Bank n.a. raised its stake in Cousins Properties by 67.4% in 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 during the period. Larson Financial Group LLC boosted its holdings in Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock worth $39,000 after buying an additional 438 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Cousins Properties by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock worth $695,000 after acquiring an additional 485 shares in the last quarter. 94.38% of the stock is 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.