Cousins Properties (NYSE:CUZ) PT Raised to $30.00

Cousins Properties (NYSE:CUZ) had its target price boosted by investment analysts at Evercore ISI from $29.00 to $30.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target would indicate a potential upside of 3.56% from the company’s previous close.

A number of other equities analysts have also issued reports on CUZ. Wells Fargo & Company increased their price objective on Cousins Properties from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Barclays lifted their price objective on shares of Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Robert W. Baird raised their target price on shares of Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Truist Financial upped their price target on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.29.

Cousins Properties Trading Down 1.8 %

NYSE:CUZ opened at $28.97 on Monday. The firm has a market capitalization of $4.41 billion, a P/E ratio of 59.12, a P/E/G ratio of 4.73 and a beta of 1.31. The business has a 50 day simple moving average of $26.99 and a 200 day simple moving average of $24.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.03. Cousins Properties has a 12-month low of $17.40 and a 12-month high of $29.71.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.61). The firm had revenue of $212.98 million for the quarter, compared to the consensus estimate of $208.18 million. Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.75 EPS. Equities research analysts predict that Cousins Properties will post 2.67 EPS for the current year.

Insider Transactions at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 5,997 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $28.13, for a total transaction of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares in the company, valued at $352,440.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Cousins Properties

Several hedge funds have recently modified their holdings of CUZ. Norges Bank acquired a new stake in Cousins Properties during the 4th quarter worth about $35,502,000. Heitman Real Estate Securities LLC acquired a new stake in shares of Cousins Properties during the fourth quarter valued at approximately $32,105,000. Balyasny Asset Management L.P. lifted its position in shares of Cousins Properties by 49.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,781,184 shares of the real estate investment trust’s stock valued at $67,722,000 after acquiring an additional 916,508 shares in the last quarter. Jennison Associates LLC boosted its stake in Cousins Properties by 75.6% in the 1st quarter. Jennison Associates LLC now owns 1,917,908 shares of the real estate investment trust’s stock worth $46,107,000 after purchasing an additional 825,547 shares during the period. Finally, Swedbank AB purchased a new position in Cousins Properties during the 1st quarter worth approximately $14,306,000. 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.