Cousins Properties' (CUZ) "In-Line" Rating Reiterated at Evercore ISI

Cousins Properties (NYSE:CUZ - Get Free Report)'s stock had its "in-line" rating reiterated by equities research analysts at Evercore ISI in a note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $29.00 price target on the real estate investment trust's stock. Evercore ISI's price target would indicate a potential upside of 7.25% from the stock's previous close.

A number of other research firms have also recently weighed in on CUZ. Robert W. Baird lifted their price objective on shares of Cousins Properties from $29.00 to $31.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Barclays lifted their price target on Cousins Properties from $25.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, July 30th. Finally, StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $25.86.

Cousins Properties Stock Performance

CUZ traded down $0.38 during midday trading on Tuesday, hitting $27.04. 878,168 shares of the company were exchanged, compared to its average volume of 1,385,934. The company's 50 day simple moving average is $24.70 and its 200 day simple moving average is $23.66. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 54.98, a price-to-earnings-growth ratio of 4.62 and a beta of 1.30. Cousins Properties has a 1-year low of $17.40 and a 1-year high of $27.97. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.61). Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The company had revenue of $212.98 million for the quarter, compared to analysts' expectations of $208.18 million. During the same quarter in the prior year, the business posted $2.75 earnings per share. The firm's revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts predict that Cousins Properties will post 2.67 earnings per share for the current year.

Institutional Investors Weigh In On Cousins Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Securities Inc. purchased a new position in shares of Cousins Properties in the fourth quarter worth about $31,000. Blue Trust Inc. lifted its stake in Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 858 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Cousins Properties by 3,236.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 1,586 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Cousins Properties during the 1st quarter worth approximately $43,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cousins Properties in the second quarter valued at approximately $115,000. Institutional investors and hedge funds 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.