Cousins Properties (NYSE:CUZ) Sets New 1-Year Low at $26.23

Cousins Properties Incorporated (NYSE:CUZGet Rating) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $26.23 and last traded at $26.23, with a volume of 843 shares. The stock had previously closed at $26.91.

Wall Street Analyst Weigh In

Several analysts recently commented on CUZ shares. Wells Fargo & Company cut their price objective on Cousins Properties from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, August 30th. Mizuho cut their price target on Cousins Properties from $41.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, July 6th. Truist Financial cut their price target on Cousins Properties from $38.00 to $33.00 and set a “hold” rating for the company in a report on Thursday, June 30th. TheStreet lowered Cousins Properties from a “b-” rating to a “c+” rating in a report on Tuesday, June 28th. Finally, Barclays cut their price target on Cousins Properties from $48.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.50.

Cousins Properties Stock Down 2.7 %

The company has a 50-day moving average price of $28.78 and a 200 day moving average price of $32.93. The firm has a market capitalization of $3.88 billion, a PE ratio of 13.47, a P/E/G ratio of 2.35 and a beta of 1.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.87 and a quick ratio of 0.87.

Hedge Funds Weigh In On Cousins Properties

Several large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Cousins Properties by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,021,958 shares of the real estate investment trust’s stock worth $81,445,000 after buying an additional 31,354 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Cousins Properties by 3,579.5% in the fourth quarter. Renaissance Technologies LLC now owns 199,831 shares of the real estate investment trust’s stock worth $8,049,000 after buying an additional 194,400 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Cousins Properties by 10.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,496 shares of the real estate investment trust’s stock worth $463,000 after buying an additional 1,072 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Cousins Properties by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,247,231 shares of the real estate investment trust’s stock worth $90,518,000 after buying an additional 49,216 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Cousins Properties by 0.5% in the fourth quarter. Invesco Ltd. now owns 406,732 shares of the real estate investment trust’s stock worth $16,383,000 after buying an additional 2,135 shares in the last quarter. 95.94% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Company Profile

(Get Rating)

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

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