Barclays Lowers Cousins Properties (NYSE:CUZ) Price Target to $28.00

Cousins Properties (NYSE:CUZ) had its price objective dropped by research analysts at Barclays from $34.00 to $28.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price points to a potential upside of 15.81% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Evercore reiterated an “outperform” rating on shares of Cousins Properties in a research note on Friday, February 6th. Mizuho set a $27.00 price target on shares of Cousins Properties in a research report on Tuesday. Cantor Fitzgerald set a $28.00 price target on shares of Cousins Properties in a research note on Monday, December 1st. Robert W. Baird set a $33.00 price objective on shares of Cousins Properties in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price objective on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.70.

Cousins Properties Stock Up 2.9%

Shares of Cousins Properties stock traded up $0.68 during trading hours on Thursday, reaching $24.18. 111,847 shares of the company’s stock were exchanged, compared to its average volume of 2,261,671. The stock has a market cap of $4.06 billion, a P/E ratio of 100.62, a P/E/G ratio of 1.83 and a beta of 1.21. The company has a 50 day moving average of $25.28 and a two-hundred day moving average of $26.44. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.71. Cousins Properties has a fifty-two week low of $21.03 and a fifty-two week high of $30.81.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.The business had revenue of $255.03 million for the quarter, compared to the consensus estimate of $252.18 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. Cousins Properties’s quarterly revenue was up 13.2% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. On average, sell-side analysts forecast that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties declared that its Board of Directors has approved a share buyback plan on Tuesday, February 17th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Cousins Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Alyeska Investment Group L.P. boosted its stake in Cousins Properties by 308.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock valued at $133,422,000 after purchasing an additional 3,909,740 shares during the period. Norges Bank acquired a new stake in shares of Cousins Properties during the fourth quarter worth $53,063,000. Invesco Ltd. lifted its holdings in shares of Cousins Properties by 153.2% during the third quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock worth $91,751,000 after buying an additional 1,918,393 shares in the last quarter. Millennium Management LLC boosted its position in shares of Cousins Properties by 984.5% in the fourth quarter. Millennium Management LLC now owns 1,542,384 shares of the real estate investment trust’s stock valued at $39,763,000 after acquiring an additional 1,400,164 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Cousins Properties by 454.9% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,627,864 shares of the real estate investment trust’s stock valued at $48,885,000 after acquiring an additional 1,334,492 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.