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

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

Several other equities research analysts also recently weighed in on the company. Robert W. Baird upped their price target on Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Evercore ISI raised their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a report on Monday, September 16th. KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a report on Tuesday, December 17th. Wells Fargo & Company raised their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Truist Financial boosted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average target price of $33.11.

Cousins Properties Stock Down 3.6 %

Shares of NYSE:CUZ opened at $28.54 on Thursday. The firm has a market capitalization of $4.51 billion, a PE ratio of 86.48, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. Cousins Properties has a 1 year low of $21.58 and a 1 year high of $32.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s 50-day moving average is $30.79 and its two-hundred day moving average is $28.65.

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

Institutional Investors Weigh In On Cousins Properties

Several large investors have recently modified their holdings of the company. Larson Financial Group LLC raised its position in Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 438 shares during the last quarter. Signaturefd LLC increased its stake 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 valued at $82,000 after purchasing an additional 651 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cousins Properties in the second quarter valued at about $115,000. Quarry LP boosted 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 worth $117,000 after buying an additional 1,697 shares during the period. Finally, Blue Trust Inc. grew 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 worth $120,000 after buying an additional 2,543 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Company Profile

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.