Mizuho Downgrades Cousins Props: Here's What You Need To Know

Mizuho downgraded its rating of Cousins Props CUZ to Underperform with a price target of $22.00, changing its price target from $29.00 to $22.00.

Shares of Cousins Props are trading up 1.25% over the last 24 hours, at $25.07 per share.

A move to $22.00 would account for a 12.25% decline from the current share price.

About Cousins Props

Cousins Properties Inc is a real estate investment trust principally involved in the ownership, management, and development of properties in the Southern United States. Cousins Properties' real estate portfolio primarily comprises offices and mixed-use developments that encompass both apartment and retail space. Offices make up the vast majority of the portfolio in terms of total square footage. Cousins' assets are mainly located in Texas and Georgia, with North Carolina also playing host to a smaller amount of rental space. The company derives nearly all of its revenue in the form of rental income from its properties, most of which comes from its office locations. A diverse set of tenants in the cities of Houston and Atlanta represent the company's major markets.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.