Weiss Ratings Reiterates Hold (C) Rating for Cousins Properties (NYSE:CUZ)

Key Points

• Weiss Ratings has reiterated a "hold (c)" rating for Cousins Properties (NYSE:CUZ), reflecting a cautious stance in the current market.
• Several investment firms have adjusted their price targets for CUZ, with JPMorgan raising it from $35 to $37 and Evercore ISI from $31 to $32, indicating overall positive sentiment among analysts.
• Shares of Cousins Properties recently traded down by 1.1%, with a current market cap of $4.65 billion and a twelve-month trading range between $24.07 and $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other research firms have also commented on CUZ. JPMorgan Chase & Co. lifted their price target on shares of Cousins Properties from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Tuesday, September 30th. Evercore ISI lifted their price target on shares of Cousins Properties from $31.00 to $32.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Truist Financial decreased their price target on shares of Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, August 26th. Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Mizuho boosted their target price 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. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Cousins Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.91.

Cousins Properties Stock Down 1.1%

Shares of NYSE:CUZ traded down $0.32 during midday trading on Wednesday, hitting $27.69. 1,397,101 shares of the company's stock traded hands, compared to its average volume of 1,412,700. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45. The company has a market cap of $4.65 billion, a PE ratio of 74.84, a P/E/G ratio of 2.53 and a beta of 1.39. The firm's fifty day moving average price is $28.34 and its two-hundred day moving average price is $28.36. Cousins Properties has a twelve month low of $24.07 and a twelve month high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results 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. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The firm had revenue of $237.72 million for the quarter, compared to the consensus estimate of $243.73 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm's quarterly revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, equities research analysts anticipate that Cousins Properties will post 2.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Jeffrey D. Symes sold 4,612 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $29.30, for a total transaction of $135,131.60. Following the transaction, the chief accounting officer directly owned 13,518 shares of the company's stock, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company's stock.

Institutional Trading of Cousins Properties

Several large investors have recently added to or reduced their stakes in CUZ. GAMMA Investing LLC grew its position in Cousins Properties by 4,075.6% in the first quarter. GAMMA Investing LLC now owns 31,359 shares of the real estate investment trust's stock worth $925,000 after acquiring an additional 30,608 shares in the last quarter. Yousif Capital Management LLC grew its position in Cousins Properties by 1.2% in the first quarter. Yousif Capital Management LLC now owns 57,490 shares of the real estate investment trust's stock worth $1,696,000 after acquiring an additional 666 shares in the last quarter. SG Americas Securities LLC bought a new stake in Cousins Properties in the first quarter worth approximately $1,072,000. USA Financial Formulas grew its position in Cousins Properties by 19.4% in the first quarter. USA Financial Formulas now owns 11,525 shares of the real estate investment trust's stock worth $340,000 after acquiring an additional 1,873 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in Cousins Properties by 7.9% in the first quarter. QRG Capital Management Inc. now owns 21,467 shares of the real estate investment trust's stock worth $633,000 after acquiring an additional 1,570 shares in the last quarter. 94.38% of the stock is 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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