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

Cousins Properties (NYSE:CUZ) had its target price lifted by Truist Financial from $30.00 to $33.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the stock. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Evercore ISI increased their price objective on Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Barclays increased their price target on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research report on Tuesday. Finally, Robert W. Baird upped their target price on Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.14.

Cousins Properties Stock Performance

Shares of Cousins Properties stock traded up $0.48 during midday trading on Wednesday, hitting $29.86. The company had a trading volume of 157,098 shares, compared to its average volume of 1,300,669. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $4.72 billion, a PE ratio of 90.48, a P/E/G ratio of 4.02 and a beta of 1.29. The business’s 50 day simple moving average is $31.01 and its two-hundred day simple moving average is $27.88. Cousins Properties has a 1-year low of $21.58 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The business had revenue of $209.21 million during the quarter, compared to analyst estimates of $212.54 million. During the same quarter in the prior year, the company posted $0.65 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts predict that Cousins Properties will post 2.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Cousins Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its position in Cousins Properties by 0.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 103,300 shares of the real estate investment trust’s stock worth $2,391,000 after buying an additional 935 shares during the last quarter. Blue Trust Inc. raised its position in Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 858 shares during the period. Nisa Investment Advisors LLC lifted its stake in Cousins Properties by 12.8% in the second quarter. Nisa Investment Advisors LLC now owns 59,010 shares of the real estate investment trust’s stock worth $1,366,000 after purchasing an additional 6,696 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. bought a new position in shares of Cousins Properties during the second quarter valued at about $198,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Cousins Properties by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,677,240 shares of the real estate investment trust’s stock valued at $38,828,000 after acquiring an additional 28,554 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other 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.