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Wells Fargo Keeps Their Buy Rating on Cousins Properties (CUZ)

In a report released today, Blaine Heck from Wells Fargo maintained a Buy rating on Cousins Properties (CUZResearch Report), with a price target of $31.00. The company’s shares closed yesterday at $27.57.

Heck covers the Financial sector, focusing on stocks such as Boston Properties, Cousins Properties, and Douglas Emmett. According to TipRanks, Heck has an average return of 0.8% and a 47.69% success rate on recommended stocks.

Cousins Properties has an analyst consensus of Moderate Buy, with a price target consensus of $36.43.

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Based on Cousins Properties’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $185.68 million and a net profit of $34.05 million. In comparison, last year the company earned a revenue of $186.64 million and had a net profit of $28.15 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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