Robert W. Baird Issues Pessimistic Forecast for Cousins Properties (NYSE:CUZ) Stock Price

Cousins Properties (NYSE:CUZ) had its price objective reduced by analysts at Robert W. Baird from $34.00 to $33.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price target indicates a potential upside of 9.88% from the company’s previous close.

CUZ has been the topic of several other research reports. Jefferies Financial Group raised Cousins Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $36.00 in a research report on Thursday, January 2nd. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a research report on Tuesday, December 17th. Truist Financial upped their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Barclays dropped their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Cousins Properties Stock Performance

NYSE CUZ opened at $30.03 on Monday. The company has a market cap of $5.04 billion, a P/E ratio of 100.11, a P/E/G ratio of 2.98 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The business’s 50 day moving average price is $30.23 and its 200-day moving average price is $29.99. Cousins Properties has a fifty-two week low of $21.58 and a fifty-two week high of $32.55.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Sell-side analysts predict that Cousins Properties will post 2.76 earnings per share for the current year.

Institutional Investors Weigh In On Cousins Properties

A number of large investors have recently made changes to their positions in the stock. Arizona State Retirement System grew its holdings in shares of Cousins Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust’s stock valued at $1,353,000 after buying an additional 366 shares during the last quarter. Quarry LP raised its position in shares of Cousins Properties by 9.4% during the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 375 shares during the last quarter. UMB Bank n.a. raised its position in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 395 shares during the last quarter. Larson Financial Group LLC raised its holdings in Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 438 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Cousins Properties by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust’s stock valued at $695,000 after acquiring an additional 485 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

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.