Cousins Properties (NYSE:CUZ) Upgraded to “Overweight” at KeyCorp

KeyCorp upgraded shares of Cousins Properties (NYSE:CUZ) from a sector weight rating to an overweight rating in a research note released on Tuesday, MarketBeat.com reports. The firm currently has $34.00 price target on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on the company. Wells Fargo & Company raised their price target on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Evercore ISI lifted their target price on Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Robert W. Baird lifted their price objective on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Barclays upped their target price on shares of Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Cousins Properties Trading Up 1.0 %

CUZ stock opened at $31.30 on Tuesday. Cousins Properties has a twelve month low of $21.58 and a twelve month high of $32.55. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 94.85, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $30.95 and its two-hundred day simple moving average is $27.81.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm had revenue of $209.21 million for the quarter, compared to analysts’ expectations of $212.54 million. During the same period in the prior year, the firm posted $0.65 earnings per share. Cousins Properties’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts anticipate that Cousins Properties will post 2.68 earnings per share for the current year.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its holdings in Cousins Properties by 0.9% during the second quarter. Assenagon Asset Management S.A. now owns 103,300 shares of the real estate investment trust’s stock worth $2,391,000 after buying an additional 935 shares during the period. Blue Trust Inc. lifted its stake in shares of Cousins Properties by 130.8% during the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 858 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Cousins Properties by 12.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 59,010 shares of the real estate investment trust’s stock worth $1,366,000 after purchasing an additional 6,696 shares during the last quarter. 1620 Investment Advisors Inc. boosted its position in Cousins Properties by 10.9% during the second quarter. 1620 Investment Advisors Inc. now owns 13,141 shares of the real estate investment trust’s stock valued at $304,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. purchased a new position in Cousins Properties in the second quarter valued at about $198,000. 94.38% of the stock is currently owned by institutional investors.

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.