Cousins Properties (NYSE:CUZ) Stock Rating Reaffirmed by Evercore ISI

Cousins Properties (NYSE:CUZ)‘s stock had its “in-line” rating reiterated by investment analysts at Evercore ISI in a report released on Tuesday, Marketbeat.com reports. They presently have a $29.00 price target on the real estate investment trust’s stock. Evercore ISI’s target price points to a potential upside of 6.19% from the company’s current price.

A number of other research firms have also recently weighed in on CUZ. Robert W. Baird boosted their target price on shares of Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Barclays upped their price objective on Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Finally, StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Cousins Properties currently has an average rating of “Hold” and a consensus target price of $25.86.

Cousins Properties Stock Performance

Shares of CUZ opened at $27.31 on Tuesday. The stock has a 50 day moving average of $24.89 and a 200 day moving average of $23.72. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 55.73, a PEG ratio of 4.62 and a beta of 1.30. Cousins Properties has a 12 month low of $17.40 and a 12 month high of $27.97. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.61). The business had revenue of $212.98 million for the quarter, compared to analysts’ expectations of $208.18 million. Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.75 earnings per share. As a group, sell-side analysts forecast that Cousins Properties will post 2.67 earnings per share for the current year.

Institutional Investors Weigh In On Cousins Properties

Several institutional investors have recently made changes to their positions in CUZ. State of Alaska Department of Revenue raised its stake in shares of Cousins Properties by 0.6% during the 1st quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock valued at $2,128,000 after purchasing an additional 486 shares during the period. Retirement Systems of Alabama increased its position in shares of Cousins Properties by 0.3% during the first quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust’s stock valued at $4,582,000 after buying an additional 498 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Cousins Properties by 2.2% in the second quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 501 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Cousins Properties by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 67,107 shares of the real estate investment trust’s stock valued at $1,634,000 after acquiring an additional 650 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in Cousins Properties by 5.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust’s stock valued at $369,000 after acquiring an additional 769 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

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.