Truist Financial Boosts Cousins Properties (NYSE:CUZ) Price Target to $33.00

Cousins Properties (NYSE:CUZ - Get Free Report) had its price objective hoisted by equities researchers at Truist Financial from $30.00 to $33.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Truist Financial's price objective indicates a potential upside of 12.32% from the stock's previous close.

A number of other research analysts have also recently weighed in on CUZ. StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. KeyCorp raised Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target for the company in a research report on Tuesday. Robert W. Baird boosted their price target on Cousins Properties from $33.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Evercore ISI increased their price objective on Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.38.

Cousins Properties Price Performance

Shares of CUZ stock traded down $1.90 during midday trading on Wednesday, reaching $29.38. 1,369,896 shares of the company traded hands, compared to its average volume of 1,305,522. The firm's 50 day simple moving average is $31.00 and its two-hundred day simple moving average is $27.87. The firm has a market cap of $4.65 billion, a PE ratio of 89.03, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. Cousins Properties has a 1-year low of $21.58 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.60). The firm had revenue of $209.21 million for the quarter, compared to analysts' expectations of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, equities research analysts expect that Cousins Properties will post 2.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Cousins Properties

Large investors have recently modified their holdings of the company. Larson Financial Group LLC lifted its position in Cousins Properties by 49.7% during the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 438 shares in the last quarter. Blue Trust Inc. boosted its position in Cousins Properties by 130.8% during the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 858 shares during the period. Signaturefd LLC increased its holdings in Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 651 shares in the last quarter. Quarry LP raised its position in Cousins Properties by 74.5% in the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock valued at $117,000 after purchasing an additional 1,697 shares during the period. Finally, CWM LLC lifted its stake in shares of Cousins Properties by 74.6% during the third quarter. CWM LLC now owns 4,298 shares of the real estate investment trust's stock worth $127,000 after purchasing an additional 1,836 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Company Profile

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.