Wells Fargo & Company Has Lowered Expectations for Cousins Properties (NYSE:CUZ) Stock Price

Cousins Properties (NYSE:CUZ) had its price objective reduced by stock analysts at Wells Fargo & Company from $32.00 to $30.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 14.55% from the company’s current price.

Several other equities analysts have also weighed in on CUZ. Truist Financial cut their target price on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of Cousins Properties in a research report on Wednesday, October 8th. Mizuho lifted their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Jefferies Financial Group downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $34.00 to $27.00 in a research report on Monday, October 13th. Finally, Evercore ISI raised their target price on Cousins Properties from $31.00 to $32.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Cousins Properties Price Performance

NYSE:CUZ opened at $26.19 on Monday. The firm’s fifty day moving average is $27.61 and its two-hundred day moving average is $28.17. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 70.78, a PEG ratio of 2.29 and a beta of 1.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45. Cousins Properties has a one year low of $24.07 and a one year high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $246.46 million during the quarter, compared to analysts’ expectations of $239.70 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. Research analysts expect that Cousins Properties will post 2.76 EPS for the current year.

Insider Activity

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.30, for a total value of $135,131.60. Following the completion of the sale, the chief accounting officer directly owned 13,518 shares in the company, valued at $396,077.40. This represents a 25.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Cousins Properties

A number of institutional investors and hedge funds have recently bought and sold shares of CUZ. Choreo LLC grew its position in shares of Cousins Properties by 25.6% in the first quarter. Choreo LLC now owns 27,837 shares of the real estate investment trust’s stock valued at $821,000 after purchasing an additional 5,681 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Cousins Properties by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust’s stock worth $40,853,000 after buying an additional 12,131 shares during the last quarter. Jump Financial LLC acquired a new position in Cousins Properties during the first quarter worth $396,000. US Bancorp DE grew its holdings in Cousins Properties by 21.3% in the 2nd quarter. US Bancorp DE now owns 26,144 shares of the real estate investment trust’s stock valued at $785,000 after buying an additional 4,593 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Cousins Properties by 1.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 185,532 shares of the real estate investment trust’s stock valued at $5,572,000 after buying an additional 1,779 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

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.