Cousins Properties (NYSE:CUZ) Price Target Raised to $30.00 at Truist Financial

Cousins Properties (NYSE:CUZ) had its price target hoisted by stock analysts at Truist Financial from $24.00 to $30.00 in a research 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 indicates a potential upside of 1.25% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Capital One Financial set a $27.00 target price on Cousins Properties in a research note on Thursday, March 12th. Evercore restated an “outperform” rating on shares of Cousins Properties in a report on Monday, June 8th. BMO Capital Markets cut their price objective on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Finally, Wells Fargo & Company boosted their price objective on Cousins Properties from $28.00 to $34.00 and gave the company 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 assigned a Sell rating to the company. According to data from MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average target price of $29.27.

Cousins Properties Trading Up 1.3%

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

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data 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 return on equity of 0.11% and a negative net margin of 0.52%.The company had revenue of $263.11 million for the quarter, compared to analyst estimates of $256.77 million. During the same period last year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, analysts predict that Cousins Properties will post 2.94 earnings per share for the current year.

Hedge Funds Weigh In On Cousins Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Algebris UK Ltd. purchased a new stake in Cousins Properties in the fourth quarter worth $12,208,000. Tudor Investment Corp ET AL raised its position in Cousins Properties by 1,582.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 463,057 shares of the real estate investment trust’s stock worth $13,401,000 after buying an additional 435,535 shares during the last quarter. Intech Investment Management LLC lifted its position in Cousins Properties by 222.9% during the fourth quarter. Intech Investment Management LLC now owns 251,847 shares of the real estate investment trust’s stock valued at $6,493,000 after purchasing an additional 173,840 shares during the period. Principal Financial Group Inc. boosted its holdings in Cousins Properties by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock worth $332,310,000 after purchasing an additional 419,911 shares during the last quarter. Finally, Norges Bank bought a new stake in Cousins Properties in the 4th quarter worth approximately $53,063,000. 94.38% of the stock is 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.