Cousins Properties (NYSE:CUZ) Price Target Raised to $31.00

Cousins Properties (NYSE:CUZ) had its price target boosted by equities research analysts at Evercore ISI from $30.00 to $31.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target suggests a potential upside of 8.11% from the company’s previous close.

Other research analysts have also issued reports about the stock. Jefferies Financial Group began coverage on shares of Cousins Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $35.00 price target for the company. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Wolfe Research raised Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Monday, April 7th. Robert W. Baird reduced their price objective on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, Barclays lowered their price objective 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. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.80.

Cousins Properties Stock Up 0.6%

Shares of NYSE CUZ opened at $28.68 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties has a 12 month low of $22.01 and a 12 month high of $32.55. The firm has a market capitalization of $4.81 billion, a PE ratio of 95.58, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34. The firm has a fifty day simple moving average of $27.93 and a two-hundred day simple moving average of $29.57.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $6.81 million during the quarter, compared to analysts’ expectations of $238.49 million. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Equities analysts expect that Cousins Properties will post 2.76 earnings per share for the current year.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its stake in shares of Cousins Properties by 4.9% in the fourth quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust’s stock worth $14,304,000 after acquiring an additional 21,939 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Cousins Properties by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust’s stock worth $82,047,000 after purchasing an additional 189,411 shares during the last quarter. KBC Group NV grew its position in Cousins Properties by 23.2% in the 4th quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 1,135 shares during the period. Van ECK Associates Corp raised its stake in Cousins Properties by 24.5% during the 4th quarter. Van ECK Associates Corp now owns 36,162 shares of the real estate investment trust’s stock valued at $1,108,000 after buying an additional 7,119 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Cousins Properties by 13.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 250,886 shares of the real estate investment trust’s stock valued at $7,609,000 after buying an additional 30,600 shares during the last quarter. Hedge funds and other institutional investors 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.