Cousins Properties (NYSE:CUZ) Stock Rating Upgraded by Wall Street Zen

Key Points

• Cousins Properties has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, highlighting a shift in analyst sentiment towards the stock.
• Several analysts have adjusted their price targets; Mizuho set a new target at $31.00, while JPMorgan raised theirs to $37.00, reflecting increased confidence in the company's future performance.
• The stock's current market cap is approximately $4.83 billion, with a recent trading price of $28.76, and analysts forecast earnings to reach 2.76 EPS for the current fiscal year.

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

CUZ has been the topic of several other research reports. Mizuho lifted their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. lifted their target price on shares of Cousins Properties from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Tuesday. Truist Financial dropped their target price on shares of Cousins Properties from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, August 26th. Evercore ISI lifted their target price on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Cousins Properties in a research report on Saturday, September 27th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.91.

Cousins Properties Price Performance

Cousins Properties stock traded down $0.09 during trading hours on Friday, hitting $28.76. 963,485 shares of the company traded hands, compared to its average volume of 1,538,505. The firm has a market cap of $4.83 billion, a P/E ratio of 77.74, a P/E/G ratio of 2.61 and a beta of 1.39. 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's 50-day simple moving average is $28.30 and its two-hundred day simple moving average is $28.40. Cousins Properties has a 1-year low of $24.07 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $237.72 million for the quarter, compared to analysts' expectations of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business's revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, analysts forecast that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $29.30, for a total value of $135,131.60. Following the completion of the sale, the chief accounting officer directly owned 13,518 shares in the company, valued at approximately $396,077.40. The trade was a 25.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

Institutional Trading of Cousins Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Cousins Properties by 4,075.6% during the 1st quarter. GAMMA Investing LLC now owns 31,359 shares of the real estate investment trust's stock valued at $925,000 after purchasing an additional 30,608 shares during the last quarter. Rhumbline Advisers increased its stake in Cousins Properties by 4.0% during the first quarter. Rhumbline Advisers now owns 485,524 shares of the real estate investment trust's stock valued at $14,323,000 after acquiring an additional 18,674 shares during the period. Vert Asset Management LLC acquired a new stake in shares of Cousins Properties during the 1st quarter worth approximately $2,026,000. Yousif Capital Management LLC increased its position in shares of Cousins Properties by 1.2% during the first quarter. Yousif Capital Management LLC now owns 57,490 shares of the real estate investment trust's stock valued at $1,696,000 after purchasing an additional 666 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Cousins Properties in the first quarter valued at $1,072,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.

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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