Cousins Properties (NYSE:CUZ) Stock Rating Upgraded by Mizuho

Cousins Properties (NYSE:CUZ) was upgraded by analysts at Mizuho from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage presently has a $30.00 price target on the real estate investment trust’s stock, up from their prior price target of $22.00. Mizuho’s price objective would indicate a potential downside of 0.83% from the company’s previous close.

A number of other analysts have also issued reports on CUZ. Evercore ISI lifted their target price on Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their price objective on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research note on Tuesday, December 17th. Truist Financial raised their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Barclays upped their price target on shares of Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cousins Properties presently has an average rating of “Moderate Buy” and an average price target of $33.11.

Cousins Properties Stock Performance

Cousins Properties stock opened at $30.25 on Tuesday. The firm has a market capitalization of $4.78 billion, a PE ratio of 91.67, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The stock’s 50 day moving average price is $30.87 and its 200 day moving average price is $28.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The firm had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. As a group, sell-side analysts expect that Cousins Properties will post 2.68 EPS for the current fiscal year.

Institutional Trading of Cousins Properties

A number of institutional investors and hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA grew its position in shares of Cousins Properties by 3,768.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after buying an additional 2,276,986 shares during the last quarter. Rush Island Management LP acquired a new position in Cousins Properties in the third quarter valued at approximately $46,393,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Cousins Properties by 411.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust’s stock valued at $32,823,000 after purchasing an additional 895,917 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Cousins Properties during the 3rd quarter worth approximately $20,276,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Cousins Properties by 368.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after purchasing an additional 615,118 shares during the last quarter. 94.38% of the stock is 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.