Cousins Properties (NYSE:CUZ) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Cousins Properties (NYSE:CUZ) in a report issued on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $35.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 18.56% from the stock’s current price.

A number of other brokerages also recently issued reports on CUZ. Barclays cut their target price on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Truist Financial raised their price objective on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. StockNews.com downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Robert W. Baird lowered their target price on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Finally, KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and an average price target of $32.89.

Cousins Properties Stock Up 0.6 %

NYSE CUZ opened at $29.52 on Monday. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The company has a market cap of $4.95 billion, a P/E ratio of 98.41, a P/E/G ratio of 2.98 and a beta of 1.28. The business has a fifty day moving average price of $29.92 and a 200 day moving average price of $30.17. 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 earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Research analysts anticipate that Cousins Properties will post 2.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Cousins Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of Cousins Properties by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust’s stock worth $51,580,000 after acquiring an additional 309,571 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Cousins Properties by 368.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after acquiring an additional 615,118 shares in the last quarter. Jennison Associates LLC raised its position in shares of Cousins Properties by 15.9% during the 3rd quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust’s stock worth $65,016,000 after acquiring an additional 302,309 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 in the last quarter. Finally, State Street Corp raised its position in shares of 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 worth $224,251,000 after acquiring an additional 48,668 shares in the last quarter. Institutional investors and hedge funds 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.