Cousins Properties (NYSE:CUZ) Rating Increased to Neutral at Mizuho

Cousins Properties (NYSE:CUZ - Get Free Report) was upgraded by stock analysts at Mizuho from an "underperform" rating to a "neutral" rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm presently has a $30.00 target price on the real estate investment trust's stock, up from their previous target price of $22.00. Mizuho's price target indicates a potential upside of 1.15% from the stock's previous close.

CUZ has been the topic of several other research reports. StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. Barclays increased their target price on shares of Cousins Properties from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their target price on shares of Cousins Properties from $31.00 to $34.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. KeyCorp upgraded shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target on the stock in a report on Tuesday, December 17th. Finally, BMO Capital Markets cut shares of Cousins Properties from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.11.

Cousins Properties Price Performance

Shares of NYSE:CUZ traded down $0.57 during midday trading on Tuesday, reaching $29.66. 974,686 shares of the company were exchanged, compared to its average volume of 1,494,572. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The business's fifty day moving average is $30.84 and its two-hundred day moving average is $28.64. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The stock has a market cap of $4.69 billion, a PE ratio of 89.88, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.60). The business had revenue of $209.21 million for 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%. Cousins Properties's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. As a group, analysts predict that Cousins Properties will post 2.68 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its holdings in shares of 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 valued at $39,000 after buying an additional 438 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 651 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cousins Properties in the 2nd quarter valued at about $115,000. Quarry LP boosted its holdings in shares of Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock valued at $117,000 after buying an additional 1,697 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Cousins Properties by 168.0% in the 3rd quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust's stock valued at $120,000 after buying an additional 2,543 shares in 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.