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

Cousins Properties (NYSE:CUZ) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Wednesday, TheStreetRatingsTable reports.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus lifted their target price on shares of Cousins Properties from $26.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, April 3rd. ValuEngine cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Finally, Robert W. Baird boosted their target price on shares of Cousins Properties from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.25.

CUZ opened at $30.20 on Wednesday. The stock has a market cap of $4.30 billion, a P/E ratio of 15.07, a P/E/G ratio of 3.93 and a beta of 0.97. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.43. Cousins Properties has a 12 month low of $21.15 and a 12 month high of $42.99. The company has a fifty day simple moving average of $30.02 and a 200 day simple moving average of $34.70.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.48. Cousins Properties had a net margin of 40.35% and a return on equity of 6.55%. The firm had revenue of $189.13 million for the quarter, compared to analysts’ expectations of $183.92 million. During the same period in the prior year, the firm earned $0.20 EPS. The business’s revenue was up 52.7% on a year-over-year basis. On average, equities research analysts expect that Cousins Properties will post 2.73 earnings per share for the current fiscal year.

In other news, EVP Richard G. Iv Hickson bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $25.41 per share, with a total value of $63,525.00. Corporate insiders own 0.67% of the company’s stock.

Large investors have recently modified their holdings of the company. Orion Portfolio Solutions LLC bought a new position in shares of Cousins Properties in the 4th quarter worth $29,000. Verus Capital Partners LLC bought a new position in shares of Cousins Properties in the 4th quarter worth $39,000. Quadrant Capital Group LLC boosted its stake in shares of Cousins Properties by 540.4% in the 4th quarter. Quadrant Capital Group LLC now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 843 shares in the last quarter. Capital Square LLC purchased a new stake in shares of Cousins Properties in the 1st quarter valued at $42,000. Finally, Harwood Advisory Group LLC purchased a new stake in shares of Cousins Properties in the 1st quarter valued at $64,000. 96.04% of the stock is currently owned by hedge funds and other institutional investors.

About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

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