Cousins Properties (NYSE:CUZ) Price Target Lowered to $24.00 at Truist Financial

Cousins Properties (NYSE:CUZ) had its target price trimmed by Truist Financial from $28.00 to $24.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

Several other equities research analysts also recently commented on the stock. Weiss Ratings downgraded shares of Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Cantor Fitzgerald set a $28.00 price target on shares of Cousins Properties in a research note on Monday, December 1st. JPMorgan Chase & Co. cut their price objective on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Evercore reissued an “outperform” rating on shares of Cousins Properties in a report on Friday, February 6th. Finally, Capital One Financial set a $27.00 price target on Cousins Properties in a report on Thursday, March 12th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and an average target price of $28.92.

Cousins Properties Price Performance

CUZ opened at $23.26 on Tuesday. The firm has a market cap of $3.91 billion, a P/E ratio of 96.90, a PEG ratio of 1.78 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. Cousins Properties has a fifty-two week low of $21.03 and a fifty-two week high of $30.81. The firm has a 50-day moving average of $24.58 and a 200 day moving average of $25.95.

Cousins Properties (NYSE:CUZ) last released 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. The firm had revenue of $255.03 million during the quarter, compared to the consensus estimate of $252.18 million. Cousins Properties had a net margin of 4.08% and a return on equity of 0.85%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. On average, research analysts expect that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, January 5th were issued a $0.32 dividend. The ex-dividend date was Monday, January 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.5%. Cousins Properties’s payout ratio is 533.33%.

Cousins Properties announced that its Board of Directors has initiated a stock 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 repurchase up to 6.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc raised its position in Cousins Properties by 2,539.5% during the third quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 965 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Cousins Properties by 128.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 692 shares during the last quarter. Arax Advisory Partners purchased a new position in shares of Cousins Properties in the 4th quarter worth approximately $39,000. Clearstead Advisors LLC boosted its holdings in shares of Cousins Properties by 176.1% in the 4th quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,150 shares during the period. Finally, SJS Investment Consulting Inc. bought a new position in shares of Cousins Properties during the 3rd quarter valued at approximately $48,000. 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.