Cousins Properties (NYSE:CUZ) Given New $29.00 Price Target at Truist Financial

Cousins Properties (NYSE:CUZ) had its price objective reduced by stock analysts at Truist Financial from $31.00 to $29.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target would indicate a potential upside of 8.92% from the company’s previous close.

CUZ has been the subject of a number of other research reports. Wolfe Research upgraded shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Monday, April 7th. Robert W. Baird decreased their target price on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Wells Fargo & Company lowered their target price on Cousins Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday. Evercore ISI lifted their price target on Cousins Properties from $30.00 to $31.00 and gave the company an “in-line” rating in a report on Monday. Finally, Barclays decreased their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.20.

Cousins Properties Trading Down 3.5%

CUZ stock opened at $26.62 on Thursday. Cousins Properties has a 1-year low of $22.01 and a 1-year high of $32.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $27.87 and its 200-day moving average is $29.52. The firm has a market cap of $4.47 billion, a P/E ratio of 88.65, a P/E/G ratio of 2.98 and a beta of 1.34.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The business had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. During the same quarter in the previous year, the firm earned $0.65 EPS. Cousins Properties’s quarterly revenue was up 16.4% on a year-over-year basis. Equities analysts anticipate that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cousins Properties

A number of institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its position in shares of Cousins Properties by 4.9% during the 4th quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust’s stock worth $14,304,000 after buying an additional 21,939 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Cousins Properties by 7.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust’s stock worth $82,047,000 after acquiring an additional 189,411 shares during the last quarter. KBC Group NV grew its holdings in Cousins Properties by 23.2% during the fourth quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 1,135 shares during the period. Van ECK Associates Corp grew its holdings in Cousins Properties by 24.5% during the fourth quarter. Van ECK Associates Corp now owns 36,162 shares of the real estate investment trust’s stock valued at $1,108,000 after purchasing an additional 7,119 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Cousins Properties by 13.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 250,886 shares of the real estate investment trust’s stock valued at $7,609,000 after purchasing an additional 30,600 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.