Cantor Fitzgerald Starts Cousins Properties (CUZ) at Hold; Switching Strategies
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Price: $29.68 +0.34%
Rating Summary:
11 Buy, 3 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
11 Buy, 3 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Cantor Fitzgerald initiates coverage on Cousins Properties (NYSE: CUZ) with a Hold. PT $8.00.
Analyst, Gaurav Mehta, said, "The primarily Atlanta-based portfolio consists of 7.8m SF of office, 4.8m SF of retail, 22 resi communities and 475 acres of commercial land. What was once a diversified, development-biased regional heavyweight is partway through a major redesign, with the goal of becoming a Sunbelt trophy office landlord. While we lament the demise of what was a truly special REIT format, we believe the company could succeed with the new strategy – should accretive asset trading opportunities remain available. Our analysis suggests the stock is appropriately valued at current levels, however. We would be more constructive given firming of Atlanta office fundamentals or leasing velocity improvement."
For an analyst ratings summary and ratings history on Cousins Properties click here. For more ratings news on Cousins Properties click here.
Shares of Cousins Properties closed at $7.62 yesterday.
Analyst, Gaurav Mehta, said, "The primarily Atlanta-based portfolio consists of 7.8m SF of office, 4.8m SF of retail, 22 resi communities and 475 acres of commercial land. What was once a diversified, development-biased regional heavyweight is partway through a major redesign, with the goal of becoming a Sunbelt trophy office landlord. While we lament the demise of what was a truly special REIT format, we believe the company could succeed with the new strategy – should accretive asset trading opportunities remain available. Our analysis suggests the stock is appropriately valued at current levels, however. We would be more constructive given firming of Atlanta office fundamentals or leasing velocity improvement."
For an analyst ratings summary and ratings history on Cousins Properties click here. For more ratings news on Cousins Properties click here.
Shares of Cousins Properties closed at $7.62 yesterday.
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