Shares of Cousins Properties Inc (NYSE:CUZ) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.92.
Several research firms have weighed in on CUZ. Zacks Investment Research cut Cousins Properties from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. ValuEngine upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Friday, October 26th.
CUZ opened at $9.33 on Thursday. Cousins Properties has a 1-year low of $7.53 and a 1-year high of $9.88. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $3.89 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 4.39 and a beta of 1.00.
Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Cousins Properties by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 62,027,124 shares of the real estate investment trust’s stock worth $551,421,000 after buying an additional 262,602 shares during the period. Bank of New York Mellon Corp increased its position in Cousins Properties by 28.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,341,948 shares of the real estate investment trust’s stock worth $90,522,000 after buying an additional 2,077,127 shares during the period. Pacer Advisors Inc. increased its position in Cousins Properties by 12.4% during the 3rd quarter. Pacer Advisors Inc. now owns 149,368 shares of the real estate investment trust’s stock worth $1,328,000 after buying an additional 16,437 shares during the period. Renaissance Technologies LLC increased its position in Cousins Properties by 135.6% during the 3rd quarter. Renaissance Technologies LLC now owns 1,101,871 shares of the real estate investment trust’s stock worth $9,796,000 after buying an additional 634,100 shares during the period. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Cousins Properties by 10.4% during the 4th quarter. Frontier Capital Management Co. LLC now owns 6,719,660 shares of the real estate investment trust’s stock worth $53,085,000 after purchasing an additional 634,211 shares in the last quarter.
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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