By otakuyassine3@gmail.com 
Cousins Properties (NYSE:CUZ – Get Free Report) had its price objective increased by analysts at Truist Financial from $30.00 to $33.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective would indicate a potential upside of 4.80% from the company’s previous close.
A number of other research firms have also issued reports on CUZ. KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price on the stock in a report on Tuesday. Evercore ISI increased their price objective on Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Wells Fargo & Company increased 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. Finally, Barclays boosted their price objective on Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.38.
Cousins Properties Trading Up 0.7 %
Shares of CUZ traded up $0.21 during midday trading on Wednesday, hitting $31.49. 54,211 shares of the stock were exchanged, compared to its average volume of 1,300,033. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $4.98 billion, a P/E ratio of 95.42, a P/E/G ratio of 4.02 and a beta of 1.29. Cousins Properties has a 52-week low of $21.58 and a 52-week high of $32.55. The stock has a fifty day simple moving average of $30.95 and a 200 day simple moving average of $27.81.
Cousins Properties (NYSE:CUZ – Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.60). The firm had revenue of $209.21 million during the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. On average, research analysts anticipate that Cousins Properties will post 2.68 EPS for the current fiscal year.
Institutional Investors Weigh In On Cousins Properties
Several hedge funds and other institutional investors have recently made changes to their positions in CUZ. Blue Trust Inc. boosted its holdings in 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 valued at $36,000 after purchasing an additional 858 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of 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 buying an additional 438 shares in the last quarter. Signaturefd LLC grew its position in shares of Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 651 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cousins Properties during the 2nd quarter worth $115,000. Finally, Quarry LP boosted its stake in Cousins Properties by 74.5% in the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,697 shares in the last quarter. Institutional investors and hedge funds 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.
Further Reading
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