Cousins Properties (NYSE:CUZ) Raised to “Hold” at StockNews.com

Cousins Properties (NYSE:CUZ) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

CUZ has been the topic of several other research reports. Truist Financial lowered their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. Barclays dropped their price target on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. raised Cousins Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $26.00 to $27.00 in a research note on Monday, December 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Cousins Properties presently has a consensus rating of “Hold” and an average target price of $23.29.

Cousins Properties Trading Down 4.7 %

Shares of CUZ stock opened at $22.49 on Thursday. The firm has a market capitalization of $3.42 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 6.27 and a beta of 1.27. 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 1 year low of $17.40 and a 1 year high of $25.19. The stock has a fifty day moving average of $23.12 and a two-hundred day moving average of $21.94.

Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.53). Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The company had revenue of $197.00 million for the quarter, compared to analyst estimates of $198.47 million. During the same period in the previous year, the business posted $0.66 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that Cousins Properties will post 2.6 EPS for the current year.

Hedge Funds Weigh In On Cousins Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pensionfund Sabic increased its position in Cousins Properties by 14.0% during the first quarter. Pensionfund Sabic now owns 20,400 shares of the real estate investment trust’s stock worth $490,000 after buying an additional 2,500 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of Cousins Properties by 60.1% during the 4th quarter. Quadrature Capital Ltd now owns 22,853 shares of the real estate investment trust’s stock valued at $556,000 after acquiring an additional 8,576 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Cousins Properties by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 22,896,977 shares of the real estate investment trust’s stock valued at $557,541,000 after acquiring an additional 216,657 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Cousins Properties by 12.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,406 shares of the real estate investment trust’s stock worth $1,691,000 after purchasing an additional 7,586 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Cousins Properties by 0.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 283,908 shares of the real estate investment trust’s stock worth $6,913,000 after purchasing an additional 2,113 shares during the period. Institutional investors own 94.38% of the company’s stock.

About Cousins Properties

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.