Truist Financial Has Lowered Expectations for Cousins Properties (NYSE:CUZ) Stock Price

Cousins Properties (NYSE:CUZ) had its target price lowered by Truist Financial from $31.00 to $30.00 in a report released on Tuesday morning, Marketbeat.com reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the stock. Evercore ISI raised their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a report on Monday, May 19th. Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Mizuho increased their target price on Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Finally, Wells Fargo & Company decreased their price target on Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average price target of $32.40.

Cousins Properties Trading Up 0.9%

Shares of Cousins Properties stock opened at $29.19 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a 50-day moving average of $28.42 and a 200-day moving average of $28.52. Cousins Properties has a 52-week low of $24.07 and a 52-week high of $32.55. The stock has a market cap of $4.90 billion, a PE ratio of 78.90, a PEG ratio of 2.62 and a beta of 1.33.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business had revenue of $237.72 million during the quarter, compared to analysts’ expectations of $243.73 million. During the same quarter in the previous year, the company earned $0.68 EPS. The business’s revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, sell-side analysts forecast that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.4%. Cousins Properties’s dividend payout ratio is 345.95%.

Hedge Funds Weigh In On Cousins Properties

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in Cousins Properties by 15.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,399 shares of the real estate investment trust’s stock valued at $349,000 after purchasing an additional 1,485 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Cousins Properties by 12.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 96,351 shares of the real estate investment trust’s stock worth $2,953,000 after buying an additional 10,376 shares in the last quarter. Quarry LP lifted its stake in shares of Cousins Properties by 9.4% in the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 375 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Cousins Properties by 2.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 126,073 shares of the real estate investment trust’s stock valued at $3,863,000 after acquiring an additional 2,995 shares in the last quarter. Finally, Northern Trust Corp grew its position in Cousins Properties by 47.6% during the 4th quarter. Northern Trust Corp now owns 1,843,555 shares of the real estate investment trust’s stock worth $56,487,000 after acquiring an additional 594,933 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Company Profile

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.