Cousins Properties (NYSE:CUZ) Given New $30.00 Price Target at Truist Financial

Cousins Properties (NYSE:CUZ) had its price objective lifted by investment analysts at Truist Financial from $24.00 to $30.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target would indicate a potential upside of 1.25% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Barclays cut their price objective on Cousins Properties from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Weiss Ratings downgraded Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Capital One Financial set a $27.00 price objective on shares of Cousins Properties in a research report on Thursday, March 12th. Evercore restated an “outperform” rating on shares of Cousins Properties in a report on Monday, June 8th. Finally, Wells Fargo & Company lifted their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cousins Properties presently has an average rating of “Moderate Buy” and a consensus price target of $29.27.

Cousins Properties Stock Up 1.3%

CUZ traded up $0.38 during trading hours on Friday, hitting $29.63. 153,032 shares of the company’s stock were exchanged, compared to its average volume of 2,071,184. The firm has a market cap of $4.88 billion, a P/E ratio of -987.97, a price-to-earnings-growth ratio of 2.12 and a beta of 1.21. The firm has a 50 day moving average of $26.73 and a 200 day moving average of $25.16. Cousins Properties has a 12-month low of $21.03 and a 12-month high of $30.57. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The company had revenue of $263.11 million during the quarter, compared to analysts’ expectations of $256.77 million. During the same period last year, the business earned $0.74 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Analysts predict that Cousins Properties will post 2.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds have recently modified their holdings of the stock. Alyeska Investment Group L.P. raised its stake in Cousins Properties by 308.9% during 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 bought a new position in shares of Cousins Properties during the 4th quarter valued at $53,063,000. Invesco Ltd. lifted its position in shares of Cousins Properties by 153.2% in 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 during the last quarter. Quantinno Capital Management LP raised its position in shares of Cousins Properties by 242.5% in the first quarter. Quantinno Capital Management LP now owns 2,644,535 shares of the real estate investment trust’s stock valued at $59,687,000 after purchasing an additional 1,872,319 shares during the period. Finally, Millennium Management LLC boosted its holdings in Cousins Properties by 984.5% during 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. 94.38% of the stock is currently owned by institutional investors and hedge funds.

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.