Cousins Properties (NYSE:CUZ – Get Free Report) had its target price decreased by equities research analysts at Truist Financial from $27.00 to $26.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target points to a potential upside of 11.02% from the company’s current price.
A number of other equities analysts have also recently commented on CUZ. Evercore ISI decreased their price target on Cousins Properties from $28.00 to $26.00 in a research note on Monday, October 9th. JPMorgan Chase & Co. raised Cousins Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $26.00 to $27.00 in a research note on Monday, December 18th. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Finally, Mizuho cut their price objective on Cousins Properties from $22.00 to $19.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $24.80.
Cousins Properties Price Performance
Shares of NYSE CUZ traded down $0.60 during trading hours on Tuesday, reaching $23.42. 507,909 shares of the stock traded hands, compared to its average volume of 1,557,957. The company has a market capitalization of $3.55 billion, a P/E ratio of 39.95 and a beta of 1.30. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.53. Cousins Properties has a 52-week low of $17.40 and a 52-week high of $28.66. The company’s 50-day simple moving average is $22.26 and its two-hundred day simple moving average is $21.93.
Institutional Investors Weigh In On Cousins Properties
Several hedge funds have recently made changes to their positions in CUZ. Lazard Asset Management LLC purchased a new stake in Cousins Properties in the first quarter worth about $39,000. Covestor Ltd increased its position in Cousins Properties by 89.2% in the first quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Cousins Properties by 160.9% in the first quarter. Brown Brothers Harriman & Co. now owns 1,234 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 761 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in shares of Cousins Properties by 104.9% in the first quarter. Belpointe Asset Management LLC now owns 1,348 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 690 shares during the period. Finally, PARK CIRCLE Co bought a new position in shares of Cousins Properties in the third quarter worth about $31,000.
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 buildings located in high-growth Sun Belt markets.