Cousins Properties (NYSE:CUZ) Raised to “Hold” at StockNews.com

Cousins Properties (NYSE:CUZ) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other brokerages also recently commented on CUZ. Barclays lowered their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Robert W. Baird decreased their price objective on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Jefferies Financial Group started coverage on shares of Cousins Properties in a research report on Monday. They set a “buy” rating and a $35.00 price target on the stock. Finally, KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a research report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.89.

Cousins Properties Trading Up 1.0 %

Shares of NYSE:CUZ opened at $29.81 on Tuesday. Cousins Properties has a 12-month low of $21.58 and a 12-month high of $32.55. The stock has a market cap of $5.00 billion, a PE ratio of 99.38, a P/E/G ratio of 2.98 and a beta of 1.28. The business has a 50 day moving average of $29.92 and a 200-day moving average of $30.17. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, equities research analysts forecast that Cousins Properties will post 2.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Cousins Properties in the 4th quarter worth approximately $11,456,000. Employees Retirement System of Texas boosted its holdings in Cousins Properties by 155.1% in the 4th quarter. Employees Retirement System of Texas now owns 125,000 shares of the real estate investment trust’s stock worth $3,830,000 after buying an additional 76,000 shares during the period. Jefferies Financial Group Inc. bought a new position in Cousins Properties in the 4th quarter worth approximately $793,000. GF Fund Management CO. LTD. bought a new position in Cousins Properties in the 4th quarter worth approximately $85,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Cousins Properties by 7.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 294,645 shares of the real estate investment trust’s stock worth $9,028,000 after buying an additional 19,831 shares during the period. 94.38% of the stock is 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.