Truist Financial Lowers Cousins Properties (NYSE:CUZ) Price Target to $24.00

Cousins Properties (NYSE:CUZ) had its price target dropped by stock analysts at Truist Financial from $28.00 to $24.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price suggests a potential upside of 4.73% from the company’s current price.

Several other equities analysts have also issued reports on CUZ. Capital One Financial set a $27.00 price target on Cousins Properties in a research note on Thursday. Barclays dropped their price objective on Cousins Properties from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Evercore restated an “outperform” rating on shares of Cousins Properties in a research report on Friday, February 6th. Weiss Ratings cut shares of Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. Finally, Cantor Fitzgerald set a $28.00 price target on shares of Cousins Properties in a research note on Monday, December 1st. Seven 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’s stock. According to MarketBeat.com, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average target price of $28.92.

Cousins Properties Price Performance

Shares of Cousins Properties stock traded up $0.38 during midday trading on Tuesday, reaching $22.92. The company had a trading volume of 82,588 shares, compared to its average volume of 2,187,171. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $24.65 and a 200 day simple moving average of $26.00. Cousins Properties has a 1-year low of $21.03 and a 1-year high of $30.81. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 95.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.21.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.71. The firm had revenue of $255.03 million for the quarter, compared to the consensus estimate of $252.18 million. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. As a group, equities research analysts forecast that Cousins Properties will post 2.76 earnings per share for the current year.

Cousins Properties declared that its board has authorized a stock repurchase 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 buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Cousins Properties

A number of institutional investors and hedge funds have recently modified their holdings of CUZ. Principal Financial Group Inc. boosted its stake in Cousins Properties by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock worth $332,310,000 after acquiring an additional 419,911 shares during the last quarter. Resolution Capital Ltd increased its stake in Cousins Properties by 0.6% in the second quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock valued at $177,754,000 after purchasing an additional 33,097 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in Cousins Properties by 3.2% in the fourth quarter. Centersquare Investment Management LLC now owns 5,847,176 shares of the real estate investment trust’s stock worth $150,740,000 after purchasing an additional 179,036 shares during the period. Alyeska Investment Group L.P. raised its holdings in Cousins Properties by 308.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock worth $133,422,000 after purchasing an additional 3,909,740 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Cousins Properties by 7.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,484,297 shares of the real estate investment trust’s stock worth $100,836,000 after purchasing an additional 252,590 shares in the last quarter. 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.