Cousins Properties (NYSE:CUZ) Rating Increased to Overweight at KeyCorp

Cousins Properties (NYSE:CUZ) was upgraded by equities researchers at KeyCorp from a “sector weight” rating to an “overweight” rating in a report issued on Tuesday. The firm presently has a $34.00 price objective on the real estate investment trust’s stock. KeyCorp’s price objective points to a potential upside of 9.61% from the company’s current price.

Several other research firms have also recently issued reports on CUZ. Truist Financial boosted their target price on shares of Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Robert W. Baird increased their target price on shares of Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company increased 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. Finally, Evercore ISI raised their price objective on Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Cousins Properties has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Cousins Properties Stock Up 1.2 %

NYSE:CUZ opened at $31.02 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $4.91 billion, a P/E ratio of 94.00, a P/E/G ratio of 4.02 and a beta of 1.29. The company’s 50-day simple moving average is $30.95 and its 200-day simple moving average is $27.81. Cousins Properties has a fifty-two week low of $21.58 and a fifty-two week high of $32.55.

Cousins Properties (NYSE:CUZ) last released its quarterly 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). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The business had revenue of $209.21 million during the quarter, compared to analysts’ expectations of $212.54 million. During the same quarter last year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Cousins Properties will post 2.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cousins Properties

Several hedge funds have recently added to or reduced their stakes in CUZ. Principal Financial Group Inc. boosted its holdings in shares of Cousins Properties by 3.9% in the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock valued at $357,910,000 after acquiring an additional 458,387 shares during the period. State Street Corp raised its stake 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 valued at $224,251,000 after acquiring an additional 48,668 shares during the last quarter. Geode Capital Management LLC lifted its position in Cousins Properties by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after acquiring an additional 36,727 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Cousins Properties by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust’s stock valued at $73,357,000 after purchasing an additional 82,521 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Cousins Properties by 3,768.0% in the third 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 purchasing an additional 2,276,986 shares during the period. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

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.