Evercore ISI Issues Positive Forecast for Cousins Properties (NYSE:CUZ) Stock Price

Cousins Properties (NYSE:CUZ) had its price target increased by equities researchers at Evercore ISI from $30.00 to $31.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target indicates a potential upside of 8.11% from the company’s current price.

CUZ has been the topic of a number of other reports. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Wolfe Research raised Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Monday, April 7th. Jefferies Financial Group started coverage on Cousins Properties in a research report on Monday, March 17th. They set a “buy” rating and a $35.00 price objective on the stock. Robert W. Baird reduced their target price on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Finally, Barclays decreased their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus target price of $32.80.

Cousins Properties Stock Performance

CUZ opened at $28.68 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 95.58, a PEG ratio of 2.98 and a beta of 1.34. The company’s 50 day moving average is $27.93 and its 200 day moving average is $29.57. Cousins Properties has a 12-month low of $22.01 and a 12-month high of $32.55.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. On average, equities research analysts predict that Cousins Properties will post 2.76 EPS for the current year.

Institutional Investors Weigh In On Cousins Properties

A number of institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management bought a new position in shares of Cousins Properties during the first quarter worth $25,000. Jones Financial Companies Lllp lifted its stake in Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 869 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 395 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Cousins Properties during the first quarter valued at about $36,000. Finally, Manchester Capital Management LLC increased its holdings in shares of Cousins Properties by 579.7% in the first quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 2,313 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other 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.