Cousins Properties (NYSE:CUZ) Given New $33.00 Price Target at Truist Financial

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

CUZ has been the subject of a number of other reports. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a report on Tuesday. Wells Fargo & Company upped their target price on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Barclays increased their target price on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Evercore ISI boosted their target price 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus price target of $33.14.

Cousins Properties Stock Performance

NYSE CUZ traded up $0.48 during trading hours on Wednesday, hitting $29.86. The company’s stock had a trading volume of 157,098 shares, compared to its average volume of 1,300,669. The company’s 50 day simple moving average is $31.01 and its two-hundred day simple moving average is $27.88. The company has a market cap of $4.72 billion, a P/E ratio of 90.48, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. Cousins Properties has a 12 month low of $21.58 and a 12 month high of $32.55. 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 announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The firm had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. Cousins Properties’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. As a group, sell-side analysts expect that Cousins Properties will post 2.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 438 shares during the last quarter. Blue Trust Inc. raised its position in Cousins Properties by 130.8% during the second quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 858 shares during the period. Signaturefd LLC lifted its stake in Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 651 shares in the last quarter. Quarry LP boosted its position in Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 1,697 shares during the period. Finally, CWM LLC grew its stake in Cousins Properties by 74.6% during the 3rd quarter. CWM LLC now owns 4,298 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 1,836 shares in the last quarter. 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.