In a Monday research report, the rating was changed from'sell' to 'hold'.
CUZ has also been the subject of recent reports from other research firms. Wells Fargo & Company lowered their price target on Cousins Properties to $25.00 from $29.00 and gave the company an 'overweight rating' in a report published on Thursday, 16th March. Jefferies Financial began covering Cousins Properties on Thursday, April 20, in a report. The company was given a hold' rating with a price target of $21.00. Barclays reduced their price target on shares of Cousins Properties to $28.00 in a Friday, 24th research report and gave the company an "overweight" rating. BMO Capital Markets reduced their price target on shares of Cousins Properties in a report released on Monday, 20th March from $28.00 down to $24.00. Evercore ISI, in a report published on March 27th, lowered its price target on shares of Cousins Properties, from $27.00 down to $25.00, and assigned the company an "outperform" rating. Five analysts have given the stock a buy recommendation, while one analyst gave it a sell. During trading hours, the stock rose $0.19 to $22.26. The stock was traded at 2,343,900 shares, as opposed to the average of 1,637.523. Cousins Properties' 12-month low is $18.06 while its 12-month high is $31.12. The company's current ratio is 1.00, its quick ratio is 1.00, and it has a debt to equity ratio of 0.53 The 50-day average price of the company is $20.76, and its 200 day average price is $23.09. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.55 and a beta of 1.12.
Institutional investors weigh in on cousins properties
Recent changes in hedge funds' holdings have been made. Legato Capital Management LLC increased its holdings in Cousins Properties during the first quarter by 78.5%. Legato Capital Management LLC owns 74 347 shares of stock in the real estate trust valued at $1 590 000 after buying 32 688 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Cousins Properties during the first quarter by 20.4%. JPMorgan Chase & Co. owns 1,209 420 shares of stock in the real estate trust valued at $25.857,000, after purchasing an additional 204.716 shares over the past quarter. Susquehanna International Group LLP acquired a stake in Cousins Properties valued at $545,000 in the first quarter. State Street Corp increased its stake in Cousins Properties shares by 0.9% during the first quarter. State Street Corp owns 8,465,793 of the real estate trust's shares worth $180.999,000 after purchasing an additional 73 517 shares in the last quarter. Squarepoint Ops LLC increased its stake in Cousins Properties shares by 9.6% during 1st quarter. Squarepoint Ops LLC owns 125720 shares of stock in the real estate trust, valued at $2,688,000, after purchasing an additional 11,040 during the last quarter. Hedge funds and institutional investors hold 97.41% the stock of the company.
Cousins Properties Company profile
Cousins Properties, a self-administered real estate investment trust (REIT), is fully integrated. The Company is based in Atlanta and invests primarily in Class A Office Buildings located in the high-growth Sun Belt Markets.
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