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

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

Several other research firms also recently commented on CUZ. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $30.00 in a research report on Tuesday. BMO Capital Markets downgraded Cousins Properties from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Barclays raised their target price on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Evercore ISI upped their price target on Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Jefferies Financial Group upgraded Cousins Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.11.

Cousins Properties Stock Down 0.1 %

NYSE:CUZ traded down $0.03 on Thursday, hitting $29.59. The stock had a trading volume of 1,081,777 shares, compared to its average volume of 1,411,995. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. Cousins Properties has a 52 week low of $21.58 and a 52 week high of $32.55. The business’s fifty day moving average is $30.81 and its 200 day moving average is $28.65. The company has a market cap of $4.68 billion, a PE ratio of 89.67, a P/E/G ratio of 4.02 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.60). The business had revenue of $209.21 million during the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. On average, equities research analysts expect that Cousins Properties will post 2.68 EPS for the current fiscal year.

Institutional Trading of Cousins Properties

Several hedge funds have recently added to or reduced their stakes in CUZ. Massachusetts Financial Services Co. MA raised its holdings in shares of Cousins Properties by 3,768.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock worth $68,907,000 after purchasing an additional 2,276,986 shares during the period. Rush Island Management LP purchased a new stake in Cousins Properties in the third quarter worth $46,393,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Cousins Properties by 411.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust’s stock valued at $32,823,000 after buying an additional 895,917 shares during the period. Wellington Management Group LLP purchased a new position in shares of Cousins Properties during the 3rd quarter valued at $20,276,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Cousins Properties by 368.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after acquiring an additional 615,118 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.