Truist Financial Forecasts Strong Price Appreciation for Cousins Properties (NYSE:CUZ) Stock

Cousins Properties (NYSE:CUZ) had its price target increased by equities research analysts at Truist Financial from $30.00 to $33.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target suggests a potential upside of 10.63% from the stock’s current price.

A number of other equities research analysts also recently issued reports on CUZ. Robert W. Baird lifted their price target on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a report on Tuesday. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Evercore ISI lifted their price target on Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company increased their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.14.

Cousins Properties Stock Up 1.5 %

Cousins Properties stock opened at $29.83 on Wednesday. The stock’s 50 day moving average price is $31.02 and its 200 day moving average price is $27.89. Cousins Properties has a 1-year low of $21.58 and a 1-year high of $32.55. The company has a market cap of $4.72 billion, a PE ratio of 90.39, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.60). The company had revenue of $209.21 million for the quarter, compared to analysts’ expectations of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. Cousins Properties’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, sell-side analysts predict that Cousins Properties will post 2.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Cousins Properties

A number of institutional investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in Cousins Properties by 368.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after acquiring an additional 615,118 shares during the last quarter. Jennison Associates LLC grew its position in shares of Cousins Properties by 15.9% in the third quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust’s stock valued at $65,016,000 after purchasing an additional 302,309 shares during the period. AXA S.A. acquired a new position in Cousins Properties in the second quarter valued at $597,000. Point72 DIFC Ltd increased its stake in Cousins Properties by 240.7% in the second quarter. Point72 DIFC Ltd now owns 29,757 shares of the real estate investment trust’s stock valued at $689,000 after purchasing an additional 21,022 shares during the last quarter. Finally, State Street Corp lifted its position in Cousins Properties by 0.6% during the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after buying an additional 48,668 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

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.