Cousins Properties (NYSE:CUZ) Stock Rating Lowered by BMO Capital Markets

Cousins Properties (NYSE:CUZ) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Tuesday,Briefing.com Automated Import reports. They presently have a $32.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $31.00. BMO Capital Markets’ price target indicates a potential upside of 2.14% from the stock’s previous close.

A number of other analysts have also commented on the company. Wells Fargo & Company lifted their price target on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Evercore ISI raised 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. Robert W. Baird upped their price target on Cousins Properties from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Barclays lifted their price objective on Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $31.57.

Cousins Properties Trading Down 1.3 %

Shares of Cousins Properties stock opened at $31.33 on Tuesday. The firm’s 50 day moving average is $30.69 and its 200 day moving average is $27.28. The firm has a market capitalization of $4.77 billion, a PE ratio of 94.94, a price-to-earnings-growth ratio of 4.23 and a beta of 1.29. Cousins Properties has a 1 year low of $21.58 and a 1 year high of $32.55. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60.

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

Insider Transactions at Cousins Properties

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the transaction, the chief accounting officer now owns 12,529 shares in the company, valued at approximately $352,440.77. This represents a 32.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Cousins Properties

Institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC raised its holdings in shares of Cousins Properties by 36.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,660 shares of the real estate investment trust’s stock worth $1,004,000 after acquiring an additional 8,479 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Cousins Properties in the third quarter worth approximately $227,000. TCW Group Inc. bought a new position in shares of Cousins Properties in the third quarter valued at approximately $1,274,000. Coldstream Capital Management Inc. purchased a new position in shares of Cousins Properties during the third quarter valued at approximately $208,000. Finally, Geode Capital Management LLC grew its holdings in Cousins Properties by 1.3% during 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 in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Company Profile

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.