J.P. Morgan Keeps Their Hold Rating on Cousins Properties (CUZ)

J.P. Morgan analyst Anthony Paolone maintained a Hold rating on Cousins Properties (CUZResearch Report) on June 3 and set a price target of $39.00. The company’s shares closed last Friday at $32.21, close to its 52-week low of $31.93.

According to TipRanks.com, Paolone is a 4-star analyst with an average return of 7.5% and a 60.2% success rate. Paolone covers the Financial sector, focusing on stocks such as Corporate Office Properties, Anywhere Real Estate ate, and Apartment Income REIT.

Currently, the analyst consensus on Cousins Properties is a Moderate Buy with an average price target of $42.40, implying a 32.2% upside from current levels. In a report issued on May 25, Mizuho Securities also maintained a Hold rating on the stock with a $41.00 price target.

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Based on Cousins Properties’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $187 million and net profit of $27.98 million. In comparison, last year the company earned revenue of $190 million and had a net profit of $29.11 million.

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Cousins Properties, Inc. engages in the development, acquisition, leasing and management of real estate assets. It invests in urban office towers located in Sunbelt markets. It operates through the following geographical segments: Atlanta, Charlotte, Austin, Phoenix, Tampa, Orlando and Houston. The company was founded by Thomas G. Cousins in 1958 and is headquartered in Atlanta, GA.

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