Cousins Properties (NYSE:CUZ) Price Target Cut to $33.00 by Analysts at Robert W. Baird

Cousins Properties (NYSE:CUZ) had its price target cut by investment analysts at Robert W. Baird from $34.00 to $33.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price target points to a potential upside of 9.67% from the company’s current price.

Several other research analysts have also recently issued reports on CUZ. Truist Financial raised their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a report on Tuesday, December 17th. Jefferies Financial Group upgraded Cousins Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, January 2nd. StockNews.com cut Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Finally, Barclays decreased their price objective on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Cousins Properties Stock Down 0.9 %

CUZ opened at $30.09 on Monday. Cousins Properties has a twelve month low of $21.58 and a twelve month high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average price of $30.27 and a 200-day moving average price of $29.95. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 100.30, a PEG ratio of 2.98 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities research analysts forecast that Cousins Properties will post 2.76 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Cousins Properties by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust’s stock valued at $759,936,000 after purchasing an additional 985,934 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Cousins Properties by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock valued at $413,375,000 after buying an additional 1,350,352 shares during the last quarter. APG Asset Management US Inc. raised its stake in Cousins Properties by 0.3% during the fourth quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust’s stock valued at $240,625,000 after buying an additional 19,657 shares in the last quarter. State Street Corp lifted its holdings in Cousins Properties by 0.6% during the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after buying an additional 48,668 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its position in shares of Cousins Properties by 11.7% in the 4th quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust’s stock worth $171,612,000 after acquiring an additional 585,659 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

About Cousins Properties

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.