Barclays Has Lowered Expectations for Cousins Properties (NYSE:CUZ) Stock Price

Cousins Properties (NYSE:CUZ) had its target price dropped by equities research analysts at Barclays from $36.00 to $35.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 16.65% from the company’s previous close.

Several other brokerages have also recently weighed in on CUZ. Wells Fargo & Company upped their price target on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and raised their price target for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. Robert W. Baird increased their price objective on Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, StockNews.com lowered Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and an average target price of $33.11.

Cousins Properties Stock Performance

NYSE:CUZ opened at $30.01 on Monday. The business’s fifty day moving average is $30.42 and its 200 day moving average is $29.58. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 90.92, a PEG ratio of 3.94 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. Cousins Properties has a 52-week low of $21.58 and a 52-week high of $32.55.

Institutional Trading of Cousins Properties

Several large investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in shares of Cousins Properties by 67.4% during the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC boosted its stake in Cousins Properties by 49.7% during the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 438 shares in the last quarter. Signaturefd LLC grew its holdings in Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 651 shares during the period. Quarry LP increased its stake in shares of Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 1,697 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Cousins Properties by 168.0% during the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 2,543 shares during the last quarter. 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.