Cousins Properties (NYSE:CUZ) Coverage Initiated by Analysts at KeyCorp

Equities researchers at KeyCorp started coverage on shares of Cousins Properties (NYSE:CUZ) in a note issued to investors on Monday, FlyOnTheWall reports. The brokerage set an “underweight” rating on the real estate investment trust’s stock.

Several other research analysts have also commented on CUZ. Evercore ISI raised their price objective on Cousins Properties from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, August 16th. Barclays raised their price objective on Cousins Properties from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Friday, August 25th. Truist Financial cut their price objective on Cousins Properties from $28.00 to $27.00 in a research report on Thursday, July 6th. Finally, StockNews.com initiated coverage on Cousins Properties in a research report on Saturday, August 19th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.33.

Cousins Properties Trading Down 1.6 %

Shares of CUZ traded down $0.38 during trading hours on Monday, hitting $22.72. The stock had a trading volume of 1,070,491 shares, compared to its average volume of 1,575,455. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $3.45 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.65 and a beta of 1.17. The company’s fifty day simple moving average is $23.34 and its 200 day simple moving average is $22.02. Cousins Properties has a 12-month low of $18.06 and a 12-month high of $28.77.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new stake in shares of Cousins Properties during the first quarter valued at approximately $39,000. Covestor Ltd raised its holdings in shares of Cousins Properties by 89.2% during the first quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 495 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Cousins Properties by 160.9% during the first quarter. Brown Brothers Harriman & Co. now owns 1,234 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 761 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Cousins Properties by 250.6% during the first quarter. Global Retirement Partners LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 887 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in shares of Cousins Properties by 104.9% during the first quarter. Belpointe Asset Management LLC now owns 1,348 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 690 shares during the last quarter.

About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.