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

Cousins Properties (NYSE:CUZ) had its price objective decreased by analysts at Truist Financial from $31.00 to $29.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target would indicate a potential upside of 7.42% from the company’s previous close.

A number of other analysts also recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Robert W. Baird dropped their target price on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Wolfe Research upgraded shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Monday, April 7th. Barclays dropped their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.20.

Cousins Properties Stock Up 1.0%

CUZ stock opened at $27.00 on Thursday. Cousins Properties has a 52 week low of $22.01 and a 52 week high of $32.55. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 89.99, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34. The firm’s 50-day moving average is $27.77 and its two-hundred day moving average is $29.47. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The company had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. During the same period in the previous year, the firm earned $0.65 EPS. Cousins Properties’s revenue was up 16.4% on a year-over-year basis. On average, analysts forecast that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CUZ. Spire Wealth Management purchased a new position in shares of Cousins Properties in the first quarter worth approximately $25,000. Jones Financial Companies Lllp increased its position in shares of Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 869 shares in the last quarter. UMB Bank n.a. increased its position in shares of Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 395 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Cousins Properties in the first quarter worth approximately $36,000. Finally, Manchester Capital Management LLC increased its position in shares of Cousins Properties by 579.7% in the first quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 2,313 shares in 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.