Bank of America upgraded shares of Cousins Properties (NYSE:CUZ) from a neutral rating to a buy rating in a research report report published on Monday morning, Marketbeat.com reports. The brokerage currently has $10.00 price objective on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on CUZ. BidaskClub raised Cousins Properties from a hold rating to a buy rating in a report on Monday, August 14th. Stifel Nicolaus reaffirmed a buy rating and issued a $10.50 target price on shares of Cousins Properties in a report on Thursday, September 21st. SunTrust Banks reiterated a buy rating and issued a $10.00 price target on shares of Cousins Properties in a research report on Monday, October 2nd. Zacks Investment Research lowered Cousins Properties from a buy rating to a hold rating in a research report on Monday, October 9th. Finally, ValuEngine upgraded Cousins Properties from a hold rating to a buy rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $10.10.

Cousins Properties (NYSE CUZ) opened at $9.18 on Monday. Cousins Properties has a fifty-two week low of $7.81 and a fifty-two week high of $9.59. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $3,847.39, a PE ratio of 14.54 and a beta of 1.09.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The firm had revenue of $113.20 million during the quarter, compared to analyst estimates of $113.51 million. During the same period in the previous year, the company earned $0.22 EPS. Cousins Properties’s revenue for the quarter was up 132.4% on a year-over-year basis. equities analysts forecast that Cousins Properties will post 0.61 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Timber Hill LLC bought a new stake in shares of Cousins Properties in the 2nd quarter valued at about $118,000. Zeke Capital Advisors LLC bought a new stake in shares of Cousins Properties in the 3rd quarter valued at about $126,000. Advisor Group Inc. grew its position in shares of Cousins Properties by 40.3% in the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 4,183 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of Cousins Properties by 94.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 22,400 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 10,900 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Cousins Properties in the 3rd quarter valued at about $202,000.

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Cousins Properties Company Profile

Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.

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