Cousins Properties (NYSE:CUZ) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Cousins Properties was downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen, reflecting growing concerns among investors.
• Despite the downgrade, several other analysts have increased their price targets for the stock to $31.00, with a consensus rating still at "Hold" and an average price target of $32.50.
• The company's recent quarterly earnings showed a revenue of $237.72 million but missed expectations of $243.73 million, indicating potential challenges ahead.

Cousins Properties (NYSE:CUZ - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

CUZ has been the subject of several other research reports. Mizuho upped their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Truist Financial cut shares of Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a report on Wednesday, July 2nd. Wells Fargo & Company reduced their target price on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Evercore ISI upped their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Finally, Wolfe Research raised shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Cousins Properties has an average rating of "Hold" and a consensus price target of $32.50.

Cousins Properties Trading Down 0.8%

NYSE CUZ traded down $0.22 on Friday, reaching $26.40. The stock had a trading volume of 864,537 shares, compared to its average volume of 1,491,863. Cousins Properties has a 12-month low of $24.07 and a 12-month high of $32.55. The stock has a fifty day moving average price of $29.00 and a two-hundred day moving average price of $28.84. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 71.38, a P/E/G ratio of 2.47 and a beta of 1.33.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, hitting analysts' consensus estimates of $0.70. The firm had revenue of $237.72 million during the quarter, compared to the consensus estimate of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The company's revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. As a group, sell-side analysts forecast that Cousins Properties will post 2.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Cousins Properties

Large investors have recently bought and sold shares of the stock. Spire Wealth Management purchased a new stake in Cousins Properties during the 1st quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new stake in Cousins Properties during the 1st quarter worth $36,000. UMB Bank n.a. increased its stake in Cousins Properties by 74.8% during the 2nd quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust's stock worth $70,000 after buying an additional 1,002 shares during the period. Hantz Financial Services Inc. increased its stake in Cousins Properties by 2,095.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust's stock worth $71,000 after buying an additional 2,242 shares during the period. Finally, Manchester Capital Management LLC grew its holdings in Cousins Properties by 579.7% during the 1st quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust's stock worth $80,000 after acquiring an additional 2,313 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

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.