Cousins Properties (NYSE:CUZ) Coverage Initiated by Analysts at Wolfe Research

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Research analysts at Wolfe Research assumed coverage on shares of Cousins Properties (NYSE:CUZGet Rating) in a note issued to investors on Thursday, MarketBeat.com reports. The firm set a “market perform” rating on the real estate investment trust’s stock.

Several other equities analysts also recently commented on the stock. StockNews.com began coverage on shares of Cousins Properties in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial dropped their price target on shares of Cousins Properties from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Thursday. TheStreet downgraded shares of Cousins Properties from a “b-” rating to a “c+” rating in a research note on Tuesday. Finally, Mizuho started coverage on shares of Cousins Properties in a research note on Friday, April 22nd. They set a “neutral” rating and a $41.00 price target for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cousins Properties currently has an average rating of “Hold” and a consensus target price of $38.75.

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NYSE CUZ opened at $29.65 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 3.32 and a beta of 1.02. The firm’s 50 day simple moving average is $33.14 and its 200 day simple moving average is $37.19. Cousins Properties has a 1 year low of $28.67 and a 1 year high of $42.41.

Cousins Properties (NYSE:CUZGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.48). The firm had revenue of $186.90 million for the quarter, compared to analyst estimates of $184.82 million. Cousins Properties had a return on equity of 6.12% and a net margin of 36.88%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 EPS. On average, equities research analysts forecast that Cousins Properties will post 2.73 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Cousins Properties by 0.7% during the first quarter. Vanguard Group Inc. now owns 21,673,308 shares of the real estate investment trust’s stock valued at $873,217,000 after buying an additional 155,633 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Cousins Properties by 6.5% during the first quarter. Principal Financial Group Inc. now owns 11,800,756 shares of the real estate investment trust’s stock valued at $475,453,000 after buying an additional 720,128 shares during the last quarter. State Street Corp grew its holdings in shares of Cousins Properties by 14.1% during the first quarter. State Street Corp now owns 8,217,746 shares of the real estate investment trust’s stock valued at $331,093,000 after buying an additional 1,015,078 shares during the last quarter. APG Asset Management US Inc. grew its holdings in shares of Cousins Properties by 112.1% during the first quarter. APG Asset Management US Inc. now owns 7,135,831 shares of the real estate investment trust’s stock valued at $287,503,000 after buying an additional 3,772,231 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Cousins Properties by 1.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,599,903 shares of the real estate investment trust’s stock valued at $145,004,000 after purchasing an additional 44,419 shares in the last quarter. Institutional investors and hedge funds own 98.47% of the company’s stock.

Cousins Properties Company Profile (Get Rating)

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 towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

Further Reading

Analyst Recommendations for Cousins Properties (NYSE:CUZ)



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