Cousins Properties (NYSE:CUZ) Upgraded by Jefferies Financial Group to “Buy” Rating

Cousins Properties (NYSE:CUZ) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Thursday,Briefing.com Automated Import reports. The firm currently has a $36.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $33.00. Jefferies Financial Group’s price objective would suggest a potential upside of 17.49% from the stock’s previous close.

Several other equities analysts have also commented on the company. KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a research note on Tuesday, December 17th. Evercore ISI boosted their price target 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. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Robert W. Baird lifted their price objective on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Truist Financial upped their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.50.

Cousins Properties Trading Up 1.8 %

CUZ opened at $30.64 on Thursday. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. 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 stock has a market cap of $4.85 billion, a price-to-earnings ratio of 92.85, a P/E/G ratio of 4.02 and a beta of 1.29. The stock’s 50 day moving average price is $30.91 and its 200-day moving average price is $28.40.

Cousins Properties (NYSE:CUZ) last announced its quarterly 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 firm had revenue of $209.21 million during the quarter, compared to analysts’ expectations of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, equities analysts forecast that Cousins Properties will post 2.68 EPS for the current year.

Institutional Trading of Cousins Properties

Institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its stake in Cousins Properties by 49.7% during 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 in the last quarter. Federated Hermes Inc. increased its position in shares of Cousins Properties by 2.2% in the 2nd quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 501 shares during the period. Signaturefd LLC raised its stake in Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 651 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in Cousins Properties by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 133,620 shares of the real estate investment trust’s stock worth $3,093,000 after acquiring an additional 790 shares during the period. Finally, Arizona State Retirement System grew its stake in Cousins Properties by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 42,573 shares of the real estate investment trust’s stock valued at $986,000 after purchasing an additional 862 shares during the last quarter. 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.