Cousins Properties (NYSE:CUZ) Given New $31.00 Price Target at Mizuho

Cousins Properties (NYSE:CUZ) had its price objective raised by investment analysts at Mizuho from $30.00 to $31.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price indicates a potential upside of 7.81% from the stock’s previous close.

Several other equities research analysts also recently weighed in on CUZ. Wells Fargo & Company cut their target price on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Evercore ISI lifted their target price on Cousins Properties from $30.00 to $31.00 and gave the company an “in-line” rating in a report on Monday, May 19th. Jefferies Financial Group assumed coverage on Cousins Properties in a research note on Monday, March 17th. They set a “buy” rating and a $35.00 target price for the company. Finally, Truist Financial lowered Cousins Properties from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research report on Wednesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.50.

Cousins Properties Stock Down 1.4%

Shares of NYSE CUZ opened at $28.76 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $29.01 and its two-hundred day moving average is $29.07. Cousins Properties has a 52-week low of $24.02 and a 52-week high of $32.55. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 87.14, a PEG ratio of 2.72 and a beta of 1.33.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The firm had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. During the same quarter in the previous year, the business earned $0.65 EPS. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. Research analysts predict that Cousins Properties will post 2.76 EPS for the current year.

Institutional Investors Weigh In On Cousins Properties

Several institutional investors have recently added to or reduced their stakes in CUZ. Vanguard Group Inc. increased its position in shares of Cousins Properties by 3.8% during the first quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust’s stock worth $759,735,000 after purchasing an additional 951,637 shares in the last quarter. APG Asset Management US Inc. boosted its position in shares of Cousins Properties by 0.3% in the 4th quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust’s stock valued at $240,625,000 after purchasing an additional 19,657 shares during the period. Resolution Capital Ltd grew its stake in Cousins Properties by 33.5% during the 1st quarter. Resolution Capital Ltd now owns 5,886,133 shares of the real estate investment trust’s stock worth $173,641,000 after buying an additional 1,477,044 shares during the last quarter. Centersquare Investment Management LLC increased its position in Cousins Properties by 11.7% during the fourth quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust’s stock worth $171,612,000 after buying an additional 585,659 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Cousins Properties by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust’s stock valued at $94,160,000 after buying an additional 208,044 shares during the last quarter. Hedge funds and other 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.