Barclays Issues Pessimistic Forecast for Cousins Properties (NYSE:CUZ) Stock Price

Cousins Properties (NYSE:CUZ) had its price objective cut by investment analysts at Barclays from $36.00 to $35.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price points to a potential upside of 15.89% from the stock’s current price.

CUZ has been the subject of a number of other reports. KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a report on Tuesday, December 17th. Truist Financial upped their price target on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird lifted their price objective on Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company lifted their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus price target of $33.11.

Cousins Properties Trading Down 1.1 %

CUZ traded down $0.33 during midday trading on Monday, hitting $30.20. The company’s stock had a trading volume of 288,117 shares, compared to its average volume of 1,094,720. Cousins Properties has a 52-week low of $21.58 and a 52-week high of $32.55. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $30.49 and a two-hundred day moving average price of $29.50. The firm has a market cap of $4.78 billion, a P/E ratio of 91.47, a PEG ratio of 3.94 and a beta of 1.29.

Hedge Funds Weigh In On Cousins Properties

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake 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 valued at $51,580,000 after buying an additional 309,571 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Cousins Properties by 368.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock valued at $23,052,000 after acquiring an additional 615,118 shares in the last quarter. Jennison Associates LLC boosted its stake in 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 valued at $65,016,000 after acquiring an additional 302,309 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $84,457,000 after acquiring an additional 36,727 shares during the last quarter. Finally, State Street Corp grew its holdings 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 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.