Cousins Properties (NYSE:CUZ) Stock Rating Lowered by StockNews.com

Cousins Properties (NYSE:CUZ) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other analysts also recently issued reports on the stock. Barclays reduced their price target on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Truist Financial decreased their target price 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. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.67.

Cousins Properties Price Performance

Shares of Cousins Properties stock opened at $23.65 on Tuesday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 48.27, a PEG ratio of 5.06 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The stock’s 50-day simple moving average is $23.11 and its 200-day simple moving average is $22.42. Cousins Properties has a 52 week low of $17.40 and a 52 week high of $25.19.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.54). The business had revenue of $209.20 million during the quarter, compared to the consensus estimate of $199.35 million. Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 earnings per share. As a group, analysts expect that Cousins Properties will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Gregg D. Adzema sold 71,097 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $23.31, for a total value of $1,657,271.07. Following the sale, the chief financial officer now owns 85,872 shares of the company’s stock, valued at $2,001,676.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its position in shares of Cousins Properties by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock worth $2,128,000 after purchasing an additional 486 shares during the last quarter. Retirement Systems of Alabama grew its stake in Cousins Properties by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust’s stock worth $4,582,000 after acquiring an additional 498 shares in the last quarter. Arizona State Retirement System increased its position in shares of Cousins Properties by 1.4% during the third quarter. Arizona State Retirement System now owns 43,192 shares of the real estate investment trust’s stock worth $880,000 after acquiring an additional 584 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Cousins Properties by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 67,107 shares of the real estate investment trust’s stock valued at $1,634,000 after acquiring an additional 650 shares in the last quarter. Finally, abrdn plc boosted its holdings in shares of Cousins Properties by 2.5% in the third quarter. abrdn plc now owns 30,857 shares of the real estate investment trust’s stock valued at $629,000 after purchasing an additional 743 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.