Cousins Properties (NYSE:CUZ) Upgraded by KeyCorp to Overweight Rating

Cousins Properties (NYSE:CUZ) was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report issued on Tuesday. The brokerage presently has a $34.00 price objective on the real estate investment trust’s stock. KeyCorp’s target price would indicate a potential upside of 9.61% from the stock’s previous close.

CUZ has been the subject of a number of other research reports. Barclays lifted their target price on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Evercore ISI boosted their price objective on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted 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. Finally, BMO Capital Markets downgraded Cousins Properties from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cousins Properties has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Cousins Properties Stock Performance

Shares of CUZ opened at $31.02 on Tuesday. The firm has a market capitalization of $4.91 billion, a P/E ratio of 94.00, a P/E/G ratio of 4.02 and a beta of 1.29. Cousins Properties has a 52 week low of $21.58 and a 52 week high of $32.55. The stock has a 50 day moving average price of $30.95 and a two-hundred day moving average price of $27.81. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The business had revenue of $209.21 million during the quarter, compared to the consensus estimate of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. Equities analysts forecast that Cousins Properties will post 2.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cousins Properties

Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC boosted its stake in shares of Cousins Properties by 36.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,660 shares of the real estate investment trust’s stock worth $1,004,000 after purchasing an additional 8,479 shares during the period. Virtu Financial LLC bought a new stake in Cousins Properties in the third quarter worth about $227,000. TCW Group Inc. purchased a new position in shares of Cousins Properties during the third quarter valued at approximately $1,274,000. Coldstream Capital Management Inc. bought a new position in shares of Cousins Properties during the third quarter valued at approximately $208,000. Finally, Geode Capital Management LLC raised its holdings in shares of Cousins Properties by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after buying an additional 36,727 shares during the period. 94.38% of the stock is 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.