BMO Capital Markets Has Lowered Expectations for Cousins Properties (NYSE:CUZ) Stock Price

Cousins Properties (NYSE:CUZ) had its target price cut by BMO Capital Markets from $31.00 to $27.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target indicates a potential upside of 18.53% from the stock’s current price.

A number of other research analysts have also recently issued reports on CUZ. Mizuho set a $27.00 price objective on Cousins Properties in a research note on Tuesday, February 24th. Weiss Ratings cut Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Robert W. Baird set a $33.00 price target on Cousins Properties in a research report on Wednesday, February 25th. Cantor Fitzgerald set a $28.00 price target on shares of Cousins Properties in a research note on Monday, December 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

Cousins Properties Stock Up 0.0%

NYSE CUZ traded up $0.01 during trading hours on Thursday, reaching $22.78. 70,838 shares of the company’s stock traded hands, compared to its average volume of 2,231,148. Cousins Properties has a 52-week low of $21.03 and a 52-week high of $30.81. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50-day simple moving average of $24.83 and a 200 day simple moving average of $26.14. The firm has a market cap of $3.83 billion, a PE ratio of 95.06, a PEG ratio of 1.84 and a beta of 1.21.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. Cousins Properties had a net margin of 4.08% and a return on equity of 0.85%. The business had revenue of $255.03 million during the quarter, compared to the consensus estimate of $252.18 million. During the same quarter last year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. Sell-side analysts anticipate that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 17th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 6.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds have recently bought and sold shares of CUZ. Centersquare Investment Management LLC lifted its position in Cousins Properties by 2.4% during the third quarter. Centersquare Investment Management LLC now owns 5,668,140 shares of the real estate investment trust’s stock valued at $164,036,000 after purchasing an additional 132,479 shares during the period. B&I Capital AG purchased a new stake in Cousins Properties during the 2nd quarter valued at $6,305,000. Y Intercept Hong Kong Ltd bought a new position in shares of Cousins Properties during the 3rd quarter valued at $3,501,000. Creative Planning lifted its holdings in shares of Cousins Properties by 24.8% during the 2nd quarter. Creative Planning now owns 47,233 shares of the real estate investment trust’s stock valued at $1,418,000 after buying an additional 9,379 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Cousins Properties by 30.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 189,850 shares of the real estate investment trust’s stock worth $5,494,000 after buying an additional 44,066 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.