Cousins Properties (NYSE:CUZ) Stock Rating Upgraded by Wall Street Zen

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

CUZ has been the topic of several other research reports. Evercore restated an “outperform” rating on shares of Cousins Properties in a report on Monday. Robert W. Baird set a $33.00 target price on shares of Cousins Properties in a report on Wednesday, February 25th. BMO Capital Markets cut their target price on shares of Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Capital One Financial set a $27.00 target price on shares of Cousins Properties in a report on Thursday, March 12th. Finally, Wells Fargo & Company raised their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cousins Properties has a consensus rating of “Moderate Buy” and a consensus target price of $28.73.

Cousins Properties Stock Up 0.1%

Shares of NYSE CUZ opened at $28.98 on Friday. Cousins Properties has a one year low of $21.03 and a one year high of $30.80. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s 50 day simple moving average is $25.67 and its two-hundred day simple moving average is $24.97. The stock has a market capitalization of $4.77 billion, a P/E ratio of -965.51, a PEG ratio of 2.14 and a beta of 1.21.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.21). Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm had revenue of $263.11 million during the quarter, compared to the consensus estimate of $256.77 million. During the same quarter in the prior year, the business posted $0.74 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, analysts expect that Cousins Properties will post 2.93 EPS for the current fiscal year.

Cousins Properties announced that its board has authorized a stock repurchase plan on Tuesday, February 17th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Cousins Properties

Large investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. lifted its position in Cousins Properties by 308.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock valued at $133,422,000 after buying an additional 3,909,740 shares during the period. Norges Bank purchased a new position in Cousins Properties during the fourth quarter valued at $53,063,000. Invesco Ltd. lifted its position in Cousins Properties by 153.2% during the third quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock valued at $91,751,000 after buying an additional 1,918,393 shares during the period. Quantinno Capital Management LP lifted its position in Cousins Properties by 242.5% during the first quarter. Quantinno Capital Management LP now owns 2,644,535 shares of the real estate investment trust’s stock valued at $59,687,000 after buying an additional 1,872,319 shares during the period. Finally, Millennium Management LLC lifted its position in Cousins Properties by 984.5% during the fourth quarter. Millennium Management LLC now owns 1,542,384 shares of the real estate investment trust’s stock valued at $39,763,000 after buying an additional 1,400,164 shares during the period. Institutional investors own 94.38% of the company’s stock.

About Cousins Properties

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.