Cousins Properties (NYSE:CUZ) Price Target Lowered to $29.00 at Truist Financial

Cousins Properties (NYSE:CUZ - Get Free Report) had its price target dropped by equities researchers at Truist Financial from $31.00 to $29.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Truist Financial's price target would indicate a potential upside of 4.81% from the stock's current price.

CUZ has been the topic of a number of other research reports. Wells Fargo & Company dropped their price target on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Evercore ISI boosted their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Barclays decreased their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Robert W. Baird cut their target price on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Cousins Properties has an average rating of "Moderate Buy" and a consensus target price of $32.20.

Cousins Properties Stock Up 2.5%

Shares of CUZ stock traded up $0.67 during mid-day trading on Thursday, hitting $27.67. 932,893 shares of the stock traded hands, compared to its average volume of 1,404,513. Cousins Properties has a 52-week low of $22.01 and a 52-week high of $32.55. The stock has a market cap of $4.65 billion, a P/E ratio of 92.23, a P/E/G ratio of 2.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The stock's fifty day moving average is $27.71 and its two-hundred day moving average is $29.41.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The business had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. During the same period in the previous year, the company earned $0.65 earnings per share. The business's revenue for the quarter was up 16.4% on a year-over-year basis. Equities analysts predict that Cousins Properties will post 2.76 EPS for the current year.

Institutional Investors Weigh In On Cousins Properties

Several hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in Cousins Properties by 13.2% in the first quarter. Geneos Wealth Management Inc. now owns 6,025 shares of the real estate investment trust's stock valued at $178,000 after purchasing an additional 701 shares during the period. SCS Capital Management LLC purchased a new position in shares of Cousins Properties during the 1st quarter valued at approximately $7,420,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Cousins Properties by 8.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,343,619 shares of the real estate investment trust's stock worth $39,637,000 after acquiring an additional 104,827 shares in the last quarter. Woodline Partners LP increased its holdings in Cousins Properties by 58.5% in the 1st quarter. Woodline Partners LP now owns 978,868 shares of the real estate investment trust's stock worth $28,877,000 after acquiring an additional 361,342 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in Cousins Properties during the first quarter worth $309,000. 94.38% of the stock is owned by hedge funds and other institutional investors.

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.