Cousins Properties Inc. (CUZ) Upgraded From Sell To Hold Rating

Analysts John Guinee and Erin Aslakson at Stifel Nicolaus have upgraded Cousin Properties Inc. (NYSE: CUZ) from Sell to Hold rating.

According to analysts, if the company is valued at book value, the implied cap rate would be roughly 8.6%. Analysts believe that the company will face many operating challenges but it will be successful in its execution over the medium-term.

According to analysts, the operating challenges faced by the company include the Atlanta office market, which is 22% vacant, the Atlanta retail market, which is 11.7% vacant, and the cyclical nature of the residential lot business in Atlanta.