Cousins Properties (NYSE:CUZ) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Cousins Properties from a "sell" to a "hold" rating, reflecting a change in sentiment regarding the stock.
• Multiple analysts, including Truist Financial and Evercore ISI, have also adjusted their price targets, with most analysts now rating the stock as a "hold."
• Despite recent upgrades, Cousins Properties' stock has seen a decline of 1.6% and currently trades below its 50-day moving average of $28.78.

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 research note issued on Saturday.

CUZ has been the subject of several other reports. Evercore ISI boosted their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Wells Fargo & Company decreased their price objective 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. Mizuho upped their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Truist Financial downgraded shares of Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a report on Wednesday, July 2nd. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.50.

Cousins Properties Stock Down 0.7%

CUZ stock traded down $0.2020 during trading hours on Friday, hitting $27.7380. The company's stock had a trading volume of 948,972 shares, compared to its average volume of 1,720,800. 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 company has a market capitalization of $4.66 billion, a PE ratio of 74.97, a price-to-earnings-growth ratio of 1.84 and a beta of 1.33. Cousins Properties has a 12 month low of $24.07 and a 12 month high of $32.55. The stock has a 50 day moving average price of $28.64 and a two-hundred day moving average price of $28.60.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. The company 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 for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, equities research analysts expect that Cousins Properties will post 2.76 earnings per share for the current year.

Institutional Trading of Cousins Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC lifted its holdings in shares of Cousins Properties by 53.2% during the 4th quarter. LPL Financial LLC now owns 23,149 shares of the real estate investment trust's stock worth $709,000 after acquiring an additional 8,035 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Cousins Properties by 32.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 192,550 shares of the real estate investment trust's stock worth $5,900,000 after acquiring an additional 47,629 shares during the period. Invesco Ltd. lifted its holdings in shares of Cousins Properties by 1.9% during the 4th quarter. Invesco Ltd. now owns 624,016 shares of the real estate investment trust's stock worth $19,120,000 after acquiring an additional 11,656 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Cousins Properties by 823.4% during the 4th quarter. Renaissance Technologies LLC now owns 84,031 shares of the real estate investment trust's stock worth $2,575,000 after acquiring an additional 74,931 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Cousins Properties during the 4th quarter worth about $25,148,000. 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.