Cousins Properties (CUZ) Given a $10.00 Price Target at SunTrust Banks
Cousins Properties (NYSE:CUZ) has been given a $10.00 price target by equities researchers at SunTrust Banks in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. SunTrust Banks’ target price indicates a potential upside of 18.62% from the company’s previous close.
A number of other equities analysts have also recently commented on the stock. ValuEngine cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Bank of America raised shares of Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $10.10.
Shares of Cousins Properties (NYSE:CUZ) traded down $0.02 during trading hours on Wednesday, hitting $8.43. 6,462,993 shares of the company’s stock were exchanged, compared to its average volume of 3,447,926. Cousins Properties has a 1-year low of $7.81 and a 1-year high of $9.63. The stock has a market cap of $3,553.11, a PE ratio of 16.51 and a beta of 0.99. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.39.
Hedge funds have recently added to or reduced their stakes in the stock. Signition LP purchased a new position in shares of Cousins Properties during the 4th quarter worth about $116,000. Zeke Capital Advisors LLC purchased a new position in shares of Cousins Properties during the 3rd quarter worth about $126,000. Advisor Group Inc. boosted its stake in shares of Cousins Properties by 40.3% during the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 4,183 shares during the period. BlueCrest Capital Management Ltd purchased a new position in shares of Cousins Properties during the 4th quarter worth about $141,000. Finally, HRT Financial LLC purchased a new position in shares of Cousins Properties during the 4th quarter worth about $193,000.
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About Cousins Properties
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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