Cousins Properties (NYSE:CUZ) Raised to Hold at Wall Street Zen

Cousins Properties (NYSE:CUZ) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently issued reports on CUZ. Wells Fargo & Company dropped their price target on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Mizuho raised their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Evercore ISI raised their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the company an “in-line” rating in a report on Monday, May 19th. Finally, Truist Financial downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a report on Wednesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Cousins Properties Stock Performance

Shares of NYSE CUZ opened at $27.36 on Friday. The firm’s 50-day moving average price is $28.78 and its 200-day moving average price is $28.65. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. The company has a market cap of $4.60 billion, a PE ratio of 73.95, a PEG ratio of 1.83 and a beta of 1.33. Cousins Properties has a 52-week low of $24.07 and a 52-week high of $32.55.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. The firm had revenue of $237.72 million for the quarter, compared to the consensus estimate of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. As a group, analysts anticipate that Cousins Properties will post 2.76 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CUZ. Resolution Capital Ltd purchased a new position in shares of Cousins Properties during the 4th quarter worth $135,094,000. GRS Advisors LLC purchased a new position in Cousins Properties during the fourth quarter valued at approximately $63,759,000. Rush Island Management LP lifted its holdings in Cousins Properties by 91.4% during the fourth quarter. Rush Island Management LP now owns 3,011,843 shares of the real estate investment trust’s stock valued at $92,283,000 after purchasing an additional 1,438,127 shares in the last quarter. Norges Bank purchased a new position in Cousins Properties during the second quarter valued at approximately $41,351,000. Finally, Cbre Investment Management Listed Real Assets LLC lifted its holdings in Cousins Properties by 454.9% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,627,864 shares of the real estate investment trust’s stock valued at $48,885,000 after purchasing an additional 1,334,492 shares in 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.