Cousins Properties (NYSE:CUZ) Raised to “Sell” at Wall Street Zen

Cousins Properties (NYSE:CUZ) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Sunday.

A number of other research firms have also commented on CUZ. Evercore reaffirmed an “outperform” rating and set a $34.00 price target on shares of Cousins Properties in a research report on Monday, July 6th. Truist Financial increased their price target on Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company increased their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.82.

Cousins Properties Stock Performance

Cousins Properties stock traded down $0.03 during trading hours on Friday, hitting $30.24. The company had a trading volume of 1,113,660 shares, compared to its average volume of 1,552,187. The firm has a market cap of $4.98 billion, a PE ratio of -1,007.53, a PEG ratio of 2.22 and a beta of 1.19. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21. Cousins Properties has a one year low of $21.03 and a one year high of $31.23. The firm has a 50-day moving average of $28.01 and a 200 day moving average of $25.58.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). The firm had revenue of $263.11 million for the quarter, compared to the consensus estimate of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. On average, sell-side analysts expect that Cousins Properties will post 2.95 earnings per share for the current year.

Institutional Investors Weigh In On Cousins Properties

Several hedge funds have recently modified their holdings of the company. Bell Investment Advisors Inc grew its holdings in Cousins Properties by 2,539.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 965 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Cousins Properties by 128.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 692 shares during the period. Avalon Trust Co bought a new position in shares of Cousins Properties during the first quarter worth about $39,000. Arax Advisory Partners acquired a new stake in Cousins Properties during the 4th quarter valued at approximately $39,000. Finally, Clearstead Advisors LLC lifted its position in shares of Cousins Properties by 176.1% in the 4th quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,150 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.