Evercore ISI Increases Cousins Properties (NYSE:CUZ) Price Target to $30.00

Cousins Properties (NYSE:CUZ) had its price objective raised by equities researchers at Evercore ISI from $29.00 to $30.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s target price would indicate a potential upside of 3.56% from the stock’s current price.

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

Cousins Properties Price Performance

NYSE CUZ opened at $28.97 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 59.12, a price-to-earnings-growth ratio of 4.73 and a beta of 1.31. The company has a 50 day simple moving average of $26.99 and a 200-day simple moving average of $24.47. Cousins Properties has a 52-week low of $17.40 and a 52-week high of $29.71.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). The company had revenue of $212.98 million during the quarter, compared to analysts’ expectations of $208.18 million. Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The firm’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 EPS. Equities research analysts predict that Cousins Properties will post 2.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 5,997 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $28.13, for a total value 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Cousins Properties

A number of institutional investors have recently made changes to their positions in CUZ. Principal Securities Inc. acquired a new stake in Cousins Properties in the 4th quarter valued at approximately $31,000. Blue Trust Inc. grew its stake 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 acquiring an additional 858 shares during the last quarter. Versant Capital Management Inc increased its position in Cousins Properties by 3,236.7% during the second quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,586 shares during the period. Abich Financial Wealth Management LLC acquired a new position in Cousins Properties during the 1st quarter valued at $43,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Cousins Properties in the 2nd quarter valued at $115,000. 94.38% of the stock is currently owned by institutional investors.

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.