JPMorgan Chase & Co. Increases Cousins Properties (NYSE:CUZ) Price Target to $37.00

Key Points

• JPMorgan Chase & Co. has increased the price target for Cousins Properties (NYSE:CUZ) from $35.00 to $37.00, indicating a potential upside of 30.95% based on the stock's previous close.
• Despite the positive outlook from JPMorgan, other brokerages have varied opinions, with Truist Financial lowering their target to $30.00 and a consensus rating of "Moderate Buy" prevailing among analysts.
• Cousins Properties reported $0.70 EPS for the last quarter, meeting expectations, but its revenue fell short of analyst estimates, leading to an updated full-year guidance of 2.790-2.850 EPS.

Cousins Properties (NYSE:CUZ - Get Free Report) had its price target upped by JPMorgan Chase & Co. from $35.00 to $37.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 30.95% from the company's previous close.

Several other brokerages also recently commented on CUZ. Truist Financial reduced their price objective on shares of Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, August 26th. Wall Street Zen downgraded shares of Cousins Properties from a "hold" rating to a "sell" rating in a research report on Saturday, September 6th. Evercore ISI raised their price objective on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Finally, Mizuho raised their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cousins Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.91.

Cousins Properties Stock Down 0.3%

Cousins Properties stock opened at $28.26 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. Cousins Properties has a 52-week low of $24.07 and a 52-week high of $32.55. The firm has a 50 day moving average price of $28.24 and a two-hundred day moving average price of $28.40. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 76.36, a PEG ratio of 2.57 and a beta of 1.39.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) 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 firm had revenue of $237.72 million during the quarter, compared to analyst estimates of $243.73 million. During the same quarter last year, the business earned $0.68 EPS. The company's revenue was up 12.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Equities analysts predict that Cousins Properties will post 2.76 EPS for the current year.

Insider Activity

In related news, CAO Jeffrey D. Symes sold 4,612 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $29.30, for a total value of $135,131.60. Following the transaction, the chief accounting officer directly owned 13,518 shares in the company, valued at $396,077.40. This trade represents a 25.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cousins Properties

Large investors have recently bought and sold shares of the stock. Corient Private Wealth LLC increased its position in shares of Cousins Properties by 143.5% during the 2nd quarter. Corient Private Wealth LLC now owns 23,838 shares of the real estate investment trust's stock valued at $716,000 after purchasing an additional 14,047 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Cousins Properties by 59.7% during the 2nd quarter. Osaic Holdings Inc. now owns 15,554 shares of the real estate investment trust's stock valued at $467,000 after purchasing an additional 5,815 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in shares of Cousins Properties by 20.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 52,754 shares of the real estate investment trust's stock valued at $1,584,000 after purchasing an additional 8,920 shares during the last quarter. State of Wyoming increased its holdings in Cousins Properties by 224.2% in the 2nd quarter. State of Wyoming now owns 17,657 shares of the real estate investment trust's stock worth $530,000 after acquiring an additional 12,210 shares during the last quarter. Finally, Hudson Bay Capital Management LP increased its holdings in Cousins Properties by 40.7% in the 2nd quarter. Hudson Bay Capital Management LP now owns 2,759,950 shares of the real estate investment trust's stock worth $82,881,000 after acquiring an additional 797,822 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

About Cousins Properties

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.

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