Cousins Properties (NYSE:CUZ) Raised 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 note issued to investors on Monday.

A number of other equities research analysts also recently issued reports on CUZ. Robert W. Baird upped their price target on shares of Cousins Properties from $31.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday. Evercore ISI upped their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. 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. Barclays upped their price target 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. Finally, Wells Fargo & Company upped their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the company an "overweight" rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $31.50.

Cousins Properties Price Performance

Shares of CUZ stock traded up $0.84 during mid-day trading on Monday, hitting $30.82. The company had a trading volume of 1,831,996 shares, compared to its average volume of 1,302,502. Cousins Properties has a 52-week low of $17.85 and a 52-week high of $32.17. The stock's 50 day moving average price is $29.57 and its 200-day moving average price is $26.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $4.69 billion, a P/E ratio of 93.39, a P/E/G ratio of 4.64 and a beta of 1.29.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS 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 company had revenue of $209.21 million during the quarter, compared to analysts' expectations of $212.54 million. During the same period last year, the firm posted $0.65 EPS. Cousins Properties's quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Cousins Properties will post 2.67 earnings per share for the current year.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 5,997 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $28.13, for a total value of $168,695.61. Following the transaction, the chief accounting officer now directly owns 12,529 shares in the company, valued at approximately $352,440.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC raised its position in shares of Cousins Properties by 75.6% in 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 purchasing an additional 825,547 shares during the last quarter. Swedbank AB purchased a new position in shares of Cousins Properties in the 1st quarter valued at approximately $14,306,000. Principal Financial Group Inc. raised its position in shares of Cousins Properties by 3.9% in the 3rd 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. Vanguard Group Inc. raised its position in shares of Cousins Properties by 2.0% in 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 purchasing an additional 456,251 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Cousins Properties by 92.8% in the 2nd quarter. Marshall Wace LLP now owns 853,456 shares of the real estate investment trust's stock valued at $19,758,000 after purchasing an additional 410,726 shares during 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.

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