Cousins Properties (CUZ) Price Target Cut to $10.25 by Analysts at Bank of America
Cousins Properties (NYSE:CUZ) had its price objective reduced by Bank of America from $10.50 to $10.25 in a research report released on Monday morning. They currently have a buy rating on the real estate investment trust’s stock.
A number of other equities research analysts have also recently weighed in on CUZ. Zacks Investment Research cut shares of Cousins Properties from a hold rating to a sell rating in a research note on Wednesday, June 27th. SunTrust Banks restated a buy rating and set a $10.00 price objective on shares of Cousins Properties in a research note on Thursday, July 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $10.06.
Shares of NYSE CUZ opened at $9.10 on Monday. Cousins Properties has a fifty-two week low of $8.23 and a fifty-two week high of $9.88. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.39. The stock has a market cap of $3.85 billion, a P/E ratio of 15.25, a P/E/G ratio of 4.52 and a beta of 0.93.
In related news, insider John S. Mccoll sold 14,333 shares of Cousins Properties stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $9.26, for a total transaction of $132,723.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.94% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in Cousins Properties by 28.6% during the second quarter. Bank of New York Mellon Corp now owns 9,341,948 shares of the real estate investment trust’s stock worth $90,522,000 after acquiring an additional 2,077,127 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Cousins Properties by 80.4% during the second quarter. Public Employees Retirement System of Ohio now owns 900,336 shares of the real estate investment trust’s stock worth $8,724,000 after acquiring an additional 401,356 shares during the period. Jane Street Group LLC grew its holdings in Cousins Properties by 76.8% during the second quarter. Jane Street Group LLC now owns 88,592 shares of the real estate investment trust’s stock worth $858,000 after acquiring an additional 38,492 shares during the period. Vident Investment Advisory LLC grew its holdings in Cousins Properties by 31.9% during the second quarter. Vident Investment Advisory LLC now owns 49,610 shares of the real estate investment trust’s stock worth $481,000 after acquiring an additional 11,986 shares during the period. Finally, Paloma Partners Management Co acquired a new position in Cousins Properties during the second quarter worth about $576,000.
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 towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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