Cousins Properties (NYSE:CUZ) Lifted 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 report issued to clients and investors on Thursday.

Separately, Barclays cut their price target on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Cousins Properties has a consensus rating of “Hold” and a consensus target price of $23.67.

Cousins Properties Price Performance

NYSE:CUZ opened at $22.92 on Thursday. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 46.77, a PEG ratio of 3.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day simple moving average of $23.16 and a 200-day simple moving average of $22.84. Cousins Properties has a 1 year low of $17.40 and a 1 year high of $25.19.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The company had revenue of $209.20 million during the quarter, compared to the consensus estimate of $199.35 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts forecast that Cousins Properties will post 2.64 EPS for the current year.

Insider Activity at Cousins Properties

In other news, CFO Gregg D. Adzema sold 71,097 shares of Cousins Properties stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $23.31, for a total value of $1,657,271.07. Following the transaction, the chief financial officer now owns 85,872 shares of the company’s stock, valued at approximately $2,001,676.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cousins Properties

Several institutional investors have recently bought and sold shares of the company. Swedbank AB purchased a new stake in shares of Cousins Properties during the 1st quarter valued at $14,306,000. Virtu Financial LLC acquired a new position in Cousins Properties during the 1st quarter valued at about $204,000. Tidal Investments LLC purchased a new position in shares of Cousins Properties in the 1st quarter valued at approximately $204,000. BROOKFIELD Corp ON raised its holdings in shares of Cousins Properties by 10.3% in the first quarter. BROOKFIELD Corp ON now owns 891,526 shares of the real estate investment trust’s stock worth $21,432,000 after buying an additional 83,094 shares during the last quarter. Finally, Bayesian Capital Management LP lifted its position in Cousins Properties by 264.7% during the 1st quarter. Bayesian Capital Management LP now owns 30,036 shares of the real estate investment trust’s stock worth $722,000 after acquiring an additional 21,800 shares during the period. 94.38% of the stock is currently 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.