The stock analysts working for StockNews.com started providing coverage of Cousins Properties in a report made public on Thursday (NYSE: CUZ).
The brokerage firm gave the shares of the real estate investment trust a “hold” rating, indicating that they should be kept in one’s portfolio.
NYSE CUZ shares started the trading day on Thursday at an opening price of $21.06 per share.
During the last 52 weeks, the price of Cousins Properties has ranged from its all-time low of $20.33 to its all-time high of $41.69.
It has a price-to-earnings ratio of 18.97, a price-to-growth ratio of 2.26, and a beta of 1.12; these three metrics have combined to give it a market value of $3.19 billion. 0.73 is the value reached when the current ratio, the quick ratio, and the debt-to-equity ratio are all added up.
The ratio of debt to equity is currently at 0.50.
The moving averages for the company over the past 50 days come in at $25.41, and over the last 200 days, they come in at $25.09.
In addition, several other equity research professionals have provided their perspectives on the stock and their estimates of its current worth.
Mizuho changed their recommendation for Cousins Properties on January 4 from “neutral” to “underperform” after publishing a research study on that day.
Additionally, Mizuho lowered its price objective for the stock, bringing it down from $29 to $22, which is a reduction of $7.
Truist Financial announced on November 16, in a report published that day, that they were lowering their target price for Cousins Properties shares to $28.00. Wells Fargo & Company stated in a research report disseminated on Wednesday, December 14, that they had increased their target price on Cousins Properties stock to $29.00.
In a research report made public on December 12, BMO Capital Markets announced that it would begin providing coverage for shares of Cousins Properties.
They assigned the business an “outperform” rating and set the target price for the stock at $29.00.
In a report released on Tuesday, December 13, Barclays gave the company an “overweight” rating and decreased their target price on Cousins Properties shares from $43.00 to $36.00.
The research focused on the operational and financial results of the company. One of the equity research analysts has suggested that investors sell the stock, while another three believe that investors should continue to hold onto it, and the remaining five believe that investors should buy it.
According to information provided by Bloomberg, the price target for the company has been established at $29.25, and the current consensus rating for the company is “Hold.”
According to information from other sources regarding Cousins Properties, Executive Vice President John S.
McColl sold 36,975 shares on February 28.
Because each share of stock brought in an average of 24.93 dollars, the sale of shares resulted in total revenue of 921,786.75 dollars. Following the conclusion of the transaction, the executive vice president will now directly own 30,814 shares of the company, each of which currently has a value of $768,193.02. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available. Corporate insiders are responsible for 0.86 percent of the outstanding shares.
Recent events have resulted in several institutional investors and hedge funds adjusting the percentage of the company’s shares that they own.
PNC Financial Services Group INC increased the proportion of ownership it holds in Cousins Properties by 2.1% over the first three months of 2018.
PNC Financial Services Group INC has increased its holdings in the real estate investment trust by 30,6, bringing the total number of shares in the REIT to 14,922, with a value of $600,000.
This brings the total number of shares it has in the REIT to 14,922.
The State of Michigan Retirement System increased the amount of Cousins Properties stock that is owned by one-hundredth of one percent during the course