Cousins Properties (NYSE:CUZ) Price Target Increased to $30.00 by Analysts at Evercore ISI

Cousins Properties (NYSE:CUZ) had its price target lifted by Evercore ISI from $29.00 to $30.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has an in-line rating on the real estate investment trust’s stock.

CUZ has been the topic of a number of other research reports. StockNews.com upgraded Cousins Properties from a sell rating to a hold rating in a research note on Thursday, May 23rd. Robert W. Baird upped their target price on Cousins Properties from $29.00 to $31.00 and gave the stock an outperform rating in a research note on Wednesday, July 31st. Truist Financial upped their target price on Cousins Properties from $26.00 to $30.00 and gave the stock a buy rating in a research note on Friday, August 30th. Barclays increased their price target on Cousins Properties from $25.00 to $30.00 and gave the stock an overweight rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company increased their price target on Cousins Properties from $26.00 to $31.00 and gave the stock an overweight rating in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $28.29.

Cousins Properties Stock Up 0.3 %

Shares of CUZ stock opened at $29.51 on Monday. The stock’s 50-day simple moving average is $26.87 and its 200-day simple moving average is $24.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $4.49 billion, a PE ratio of 60.22, a P/E/G ratio of 4.73 and a beta of 1.31. Cousins Properties has a fifty-two week low of $17.40 and a fifty-two week high of $29.71.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The company had revenue of $212.98 million during the quarter, compared to analysts’ expectations of $208.18 million. During the same quarter in the previous year, the company earned $2.75 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts expect that Cousins Properties will post 2.67 earnings per share for the current year.

Insiders Place Their Bets

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $28.13, for a total transaction of $168,695.61. Following the completion of the transaction, the chief accounting officer now owns 12,529 shares of the company’s stock, valued at $352,440.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cousins Properties during the second quarter valued at approximately $115,000. Sanctuary Advisors LLC acquired a new position in shares of Cousins Properties during the second quarter valued at approximately $530,000. Creative Planning raised its holdings in shares of Cousins Properties by 7.9% during the second quarter. Creative Planning now owns 21,528 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 1,575 shares during the last quarter. Algert Global LLC raised its holdings in shares of Cousins Properties by 4.7% during the second quarter. Algert Global LLC now owns 242,686 shares of the real estate investment trust’s stock valued at $5,618,000 after acquiring an additional 10,839 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its holdings in shares of Cousins Properties by 1.3% during the second quarter. Liberty Mutual Group Asset Management Inc. now owns 68,848 shares of the real estate investment trust’s stock valued at $1,594,000 after acquiring an additional 882 shares during the last quarter. Institutional investors and hedge funds 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.