BMO Capital Markets Cuts Cousins Properties (NYSE:CUZ) Price Target to $27.00

Cousins Properties (NYSE:CUZ) had its target price dropped by equities research analysts at BMO Capital Markets from $31.00 to $27.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 18.53% from the stock’s current price.

A number of other research firms have also recently issued reports on CUZ. Evercore restated an “outperform” rating on shares of Cousins Properties in a research report on Friday, February 6th. Cantor Fitzgerald set a $28.00 target price on Cousins Properties in a research note on Monday, December 1st. Mizuho set a $27.00 price target on Cousins Properties in a report on Tuesday, February 24th. JPMorgan Chase & Co. lowered their price target on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Finally, Truist Financial dropped their price objective on Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a report on Monday, December 1st. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.45.

Cousins Properties Trading Up 0.0%

CUZ traded up $0.01 on Thursday, hitting $22.78. 70,838 shares of the company were exchanged, compared to its average volume of 2,231,148. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a fifty day simple moving average of $24.83 and a two-hundred day simple moving average of $26.14. The stock has a market capitalization of $3.83 billion, a PE ratio of 95.06, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21. Cousins Properties has a 12 month low of $21.03 and a 12 month high of $30.81.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share 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 firm had revenue of $255.03 million during the quarter, compared to analyst estimates of $252.18 million. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. Sell-side analysts expect that Cousins Properties will post 2.76 earnings per share for the current year.

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

Institutional Trading of Cousins Properties

Several large investors have recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in Cousins Properties during the 2nd quarter valued at approximately $338,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Cousins Properties by 2.6% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 120,577 shares of the real estate investment trust’s stock valued at $3,621,000 after purchasing an additional 3,013 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Cousins Properties during the second quarter valued at approximately $346,000. Allworth Financial LP boosted its position in shares of Cousins Properties by 7,808.1% during the second quarter. Allworth Financial LP now owns 23,408 shares of the real estate investment trust’s stock valued at $703,000 after purchasing an additional 23,112 shares in the last quarter. Finally, Boston Partners grew its stake in Cousins Properties by 2.3% in the second quarter. Boston Partners now owns 771,751 shares of the real estate investment trust’s stock worth $22,609,000 after purchasing an additional 17,022 shares during the period. 94.38% of the stock is owned by institutional investors.

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.