Truist Financial Issues Pessimistic Forecast for Cousins Properties (NYSE:CUZ) Stock Price

Key Points

• Truist Financial has lowered its price target for Cousins Properties (NYSE:CUZ) from $31.00 to $30.00, maintaining a "hold" rating, which suggests a potential upside of 6.06% from the current stock price.
• Cousins Properties reported $0.70 EPS for the recent quarter, matching analyst estimates, but its revenue fell short of expectations, indicating mixed performance amid the current economic environment.
• A consensus of investment analysts currently rates Cousins Properties as a "Moderate Buy," with a target price average of $32.40, despite fluctuations in price targets among different firms.

Cousins Properties (NYSE:CUZ - Get Free Report) had its price target reduced by Truist Financial from $31.00 to $30.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price target would suggest a potential upside of 6.06% from the company's current price.

A number of other equities research analysts have also recently commented on CUZ. Evercore ISI lifted their price objective on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Wells Fargo & Company decreased their price objective on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Mizuho lifted their price objective on Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Cousins Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.40.

Cousins Properties Trading Down 0.2%

Shares of NYSE CUZ traded down $0.0640 during midday trading on Tuesday, hitting $28.2860. The stock had a trading volume of 39,919 shares, compared to its average volume of 1,479,596. The company's 50-day simple moving average is $28.51 and its 200 day simple moving average is $28.53. The firm has a market cap of $4.75 billion, a P/E ratio of 76.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.33. Cousins Properties has a fifty-two week low of $24.07 and a fifty-two week high of $32.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. The company had revenue of $237.72 million during the quarter, compared to analysts' expectations of $243.73 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Research analysts anticipate that Cousins Properties will post 2.76 EPS for the current year.

Institutional Trading of Cousins Properties

A number of institutional investors have recently modified their holdings of CUZ. Tower Research Capital LLC TRC lifted its holdings in shares of Cousins Properties by 15.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,399 shares of the real estate investment trust's stock valued at $349,000 after purchasing an additional 1,485 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Cousins Properties by 12.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 96,351 shares of the real estate investment trust's stock worth $2,953,000 after buying an additional 10,376 shares during the last quarter. Quarry LP grew its position in shares of Cousins Properties by 9.4% in the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 375 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Cousins Properties by 2.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 126,073 shares of the real estate investment trust's stock valued at $3,863,000 after purchasing an additional 2,995 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Cousins Properties by 47.6% in the fourth quarter. Northern Trust Corp now owns 1,843,555 shares of the real estate investment trust's stock valued at $56,487,000 after purchasing an additional 594,933 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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