NEW YORK (TheStreet) -- Shares of Cousins Properties (CUZ - Get Report) were slumping in early-morning trading on Wednesday as Baird cut its rating on the stock to "neutral" from "outperform," the Fly reports.
The firm maintained its $11 price target on shares of the Atlanta-based real estate investment trust.
Baird expects market rates to decline as concessions are rising and the current headwinds in Houston present a substantial challenge to improved valuation, the Fly noted.
Cousins Properties manages retail and office spaces in Houston, Dallas, Austin, Atlanta and Charlotte, NC.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, solid stock price performance and notable return on equity.
The team believes its strengths outweigh the fact that the company shows low profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CUZ