Cousins Properties (NYSE:CUZ) Earns Buy Rating from Analysts at Jefferies Financial Group

Investment analysts at Jefferies Financial Group began coverage on shares of Cousins Properties (NYSE:CUZ) in a report released on Monday. The firm set a “buy” rating and a $35.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s target price points to a potential upside of 22.05% from the stock’s previous close.

Other analysts have also issued research reports about the company. Truist Financial lifted 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. Barclays lowered their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and upped their target price for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Finally, Robert W. Baird cut their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.89.

Cousins Properties Trading Up 2.2 %

CUZ stock opened at $28.68 on Monday. The company has a market capitalization of $4.81 billion, a PE ratio of 95.59, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. The company’s 50 day moving average price is $29.94 and its two-hundred day moving average price is $30.15. 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 0.64, a quick ratio of 0.74 and a current ratio of 0.74.

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

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Cousins Properties during the 4th quarter valued at approximately $11,456,000. Employees Retirement System of Texas raised its position in shares of Cousins Properties by 155.1% during the 4th quarter. Employees Retirement System of Texas now owns 125,000 shares of the real estate investment trust’s stock valued at $3,830,000 after buying an additional 76,000 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Cousins Properties in the 4th quarter valued at about $793,000. GF Fund Management CO. LTD. purchased a new position in Cousins Properties in the fourth quarter worth about $85,000. Finally, Public Employees Retirement System of Ohio increased its stake in Cousins Properties by 7.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 294,645 shares of the real estate investment trust’s stock worth $9,028,000 after acquiring an additional 19,831 shares during the last quarter. 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.