Cousins Properties (NYSE:CUZ) Price Target Raised to $35.00 at Barclays

Cousins Properties (NYSE:CUZ) had its target price hoisted by Barclays from $30.00 to $35.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 19.33% from the company’s current price.

CUZ has been the subject of a number of other reports. Truist Financial increased their price objective on Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Robert W. Baird increased their price target on Cousins Properties from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price target on Cousins Properties from $26.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Finally, Evercore ISI upped their price objective on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Cousins Properties Stock Performance

NYSE CUZ traded up $0.22 during trading hours on Thursday, reaching $29.33. The company’s stock had a trading volume of 75,799 shares, compared to its average volume of 1,319,349. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $28.29 and a 200 day simple moving average of $25.11. The stock has a market cap of $4.46 billion, a PE ratio of 59.88, a PEG ratio of 4.90 and a beta of 1.30. Cousins Properties has a 52 week low of $17.40 and a 52 week high of $30.50.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). The company 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%. Cousins Properties’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.75 earnings per share. Equities research analysts predict that Cousins Properties will post 2.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Jeffrey D. Symes sold 5,997 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 12,529 shares in the company, valued at approximately $352,440.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cousins Properties

Large investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in shares of Cousins Properties by 130.8% in the second quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 858 shares during the period. Versant Capital Management Inc grew its position in Cousins Properties by 3,236.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,586 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in Cousins Properties during the 1st quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cousins Properties during the 2nd quarter valued at $115,000. Finally, CWM LLC lifted its holdings in shares of Cousins Properties by 74.6% in the third quarter. CWM LLC now owns 4,298 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 1,836 shares in the last quarter. 94.38% of the stock is owned by 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.