Cousins Properties (NYSE:CUZ) Rating Increased to Hold at StockNews.com

Cousins Properties (NYSE:CUZ - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Thursday.

Several other equities analysts have also commented on CUZ. Truist Financial reduced their price target on Cousins Properties from $27.00 to $26.00 and set a "buy" rating on the stock in a research report on Tuesday, January 16th. Barclays reduced their price target on Cousins Properties from $29.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. raised Cousins Properties from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $26.00 to $27.00 in a research report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $23.29.

Cousins Properties Trading Up 1.3 %

Shares of NYSE:CUZ traded up $0.30 during trading on Thursday, reaching $22.80. 1,413,810 shares of the stock were exchanged, compared to its average volume of 1,648,873. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76. Cousins Properties has a 12-month low of $17.40 and a 12-month high of $25.19. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 6.27 and a beta of 1.27. The firm's 50-day moving average price is $23.11 and its 200 day moving average price is $21.95.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.53). Cousins Properties had a return on equity of 1.81% and a net margin of 10.33%. The firm had revenue of $197.00 million for the quarter, compared to analysts' expectations of $198.47 million. During the same quarter in the previous year, the firm posted $0.66 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Cousins Properties will post 2.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cousins Properties

A number of institutional investors have recently made changes to their positions in CUZ. Norges Bank acquired a new position in shares of Cousins Properties in the 4th quarter valued at approximately $38,681,000. Principal Financial Group Inc. raised its position in shares of Cousins Properties by 13.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,208,784 shares of the real estate investment trust's stock valued at $297,284,000 after acquiring an additional 1,407,164 shares in the last quarter. Heitman Real Estate Securities LLC acquired a new stake in shares of Cousins Properties during the 4th quarter valued at approximately $32,105,000. Morgan Stanley raised its position in shares of Cousins Properties by 114.1% during the 3rd quarter. Morgan Stanley now owns 2,143,922 shares of the real estate investment trust's stock valued at $43,672,000 after acquiring an additional 1,142,746 shares in the last quarter. Finally, State Street Corp raised its position in shares of Cousins Properties by 14.1% during the 1st quarter. State Street Corp now owns 8,217,746 shares of the real estate investment trust's stock valued at $331,093,000 after acquiring an additional 1,015,078 shares in the last quarter. 94.38% of the stock is 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.