Barclays Raises Cousins Properties (NYSE:CUZ) Price Target to $36.00

Cousins Properties (NYSE:CUZ) had its target price boosted by research analysts at Barclays from $35.00 to $36.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price target would indicate a potential upside of 26.14% from the company’s current price.

A number of other research analysts have also weighed in on CUZ. BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and raised their price target for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Jefferies Financial Group upgraded Cousins Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $33.00 to $36.00 in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their price target on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. 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. Finally, Truist Financial lifted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.22.

Cousins Properties Stock Down 3.6 %

Shares of CUZ opened at $28.54 on Monday. The firm has a market cap of $4.51 billion, a P/E ratio of 86.48, a PEG ratio of 4.02 and a beta of 1.29. Cousins Properties has a 12 month low of $21.58 and a 12 month high of $32.55. The stock’s 50 day moving average is $30.76 and its two-hundred day moving average is $28.73. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60.

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

Institutional Trading of Cousins Properties

Several hedge funds have recently made changes to their positions in CUZ. Larson Financial Group LLC raised its position in shares of 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 buying an additional 438 shares during the period. Federated Hermes Inc. raised its position in 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 valued at $545,000 after purchasing an additional 501 shares during the period. Signaturefd LLC lifted its stake 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 purchasing an additional 651 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of 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 purchasing an additional 790 shares during the period. Finally, M&T Bank Corp increased its position in shares of Cousins Properties by 1.5% during the 3rd quarter. M&T Bank Corp now owns 57,779 shares of the real estate investment trust’s stock worth $1,703,000 after purchasing an additional 870 shares during 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.