Cousins Properties (NYSE:CUZ) Price Target Raised to $34.00 at Wells Fargo & Company

Cousins Properties (NYSE:CUZ - Get Free Report) had its target price upped by equities research analysts at Wells Fargo & Company from $31.00 to $34.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price would indicate a potential upside of 10.32% from the stock's current price.

CUZ has been the topic of a number of other research reports. Barclays lifted their price objective on Cousins Properties from $30.00 to $35.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Truist Financial upped their price target on shares of Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Robert W. Baird lifted their price objective on shares of Cousins Properties from $31.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Evercore ISI boosted their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $31.50.

Cousins Properties Stock Performance

CUZ stock traded up $0.84 during trading on Monday, reaching $30.82. The stock had a trading volume of 1,831,996 shares, compared to its average volume of 1,302,502. The stock's 50 day moving average is $29.57 and its two-hundred day moving average is $26.09. The firm has a market cap of $4.69 billion, a PE ratio of 90.85, a PEG ratio of 4.64 and a beta of 1.29. Cousins Properties has a 52 week low of $17.85 and a 52 week high of $32.17. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its 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 return on equity of 1.14% and a net margin of 6.17%. The firm 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 posted $0.65 EPS. The company's quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts anticipate that Cousins Properties will post 2.67 earnings per share for the current year.

Insider Activity at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 5,997 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.13, for a total transaction of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares in the company, valued at $352,440.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cousins Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Cousins Properties by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 23,353,228 shares of the real estate investment trust's stock valued at $561,412,000 after acquiring an additional 456,251 shares during the period. Principal Financial Group Inc. boosted its holdings in Cousins Properties by 3.9% in the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust's stock valued at $357,910,000 after purchasing an additional 458,387 shares during the last quarter. Centersquare Investment Management LLC grew its position in Cousins Properties by 8.9% during the 1st quarter. Centersquare Investment Management LLC now owns 4,898,757 shares of the real estate investment trust's stock worth $112,377,000 after purchasing an additional 399,468 shares during the period. Dimensional Fund Advisors LP grew its position in Cousins Properties by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,214,595 shares of the real estate investment trust's stock worth $51,266,000 after purchasing an additional 98,222 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Cousins Properties by 75.6% during the 1st quarter. Jennison Associates LLC now owns 1,917,908 shares of the real estate investment trust's stock valued at $46,107,000 after buying an additional 825,547 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

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.