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

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

A number of other equities research analysts have also issued reports on CUZ. JPMorgan Chase & Co. reduced their target price on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Mizuho set a $27.00 price target on shares of Cousins Properties in a research note on Tuesday, February 24th. Cantor Fitzgerald set a $28.00 price objective on Cousins Properties in a research report on Monday, December 1st. BMO Capital Markets reduced their price objective on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. Finally, Capital One Financial set a $27.00 target price on Cousins Properties in a report on Thursday, March 12th. Seven 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.92.

Cousins Properties Price Performance

CUZ stock opened at $23.05 on Tuesday. The business’s fifty day moving average price is $24.45 and its 200 day moving average price is $25.91. Cousins Properties has a 12-month low of $21.03 and a 12-month high of $30.81. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $3.87 billion, a PE ratio of 96.02, a P/E/G ratio of 1.82 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $255.03 million during the quarter, compared to analysts’ expectations of $252.18 million. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.Cousins Properties’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. On average, sell-side analysts anticipate that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, April 7th will be paid a $0.32 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $1.28 dividend on an annualized basis and a yield of 5.6%. Cousins Properties’s payout ratio is currently 533.33%.

Cousins Properties announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 17th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Cousins Properties

Several large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cousins Properties during the 2nd quarter worth about $346,000. Geode Capital Management LLC increased its holdings in shares of Cousins Properties by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,308,911 shares of the real estate investment trust’s stock valued at $99,380,000 after acquiring an additional 12,039 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in Cousins Properties by 5.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 62,665 shares of the real estate investment trust’s stock worth $1,882,000 after purchasing an additional 3,010 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Cousins Properties by 3.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 97,429 shares of the real estate investment trust’s stock worth $2,926,000 after purchasing an additional 3,064 shares during the last quarter. Finally, Creative Planning boosted its holdings in Cousins Properties by 24.8% in the second quarter. Creative Planning now owns 47,233 shares of the real estate investment trust’s stock valued at $1,418,000 after purchasing an additional 9,379 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

About Cousins Properties

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.