Cousins Properties (NYSE:CUZ) Price Target Cut to $30.00 by Analysts at Wells Fargo & Company

Cousins Properties (NYSE:CUZ) had its price target lowered by analysts at Wells Fargo & Company from $32.00 to $30.00 in a note issued to investors 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 suggest a potential upside of 15.93% from the company’s previous close.

A number of other brokerages also recently commented on CUZ. Truist Financial reduced their price objective on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cousins Properties in a report on Wednesday, October 8th. Wall Street Zen cut Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Mizuho increased their price target 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. Finally, Evercore ISI upped their price target on Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Cousins Properties Stock Down 1.1%

NYSE CUZ traded down $0.28 during trading on Monday, reaching $25.88. 118,341 shares of the company’s stock were exchanged, compared to its average volume of 1,485,418. The company has a 50 day moving average price of $27.74 and a two-hundred day moving average price of $28.20. The stock has a market cap of $4.35 billion, a P/E ratio of 69.91, a price-to-earnings-growth ratio of 2.29 and a beta of 1.36. Cousins Properties has a 1 year low of $24.07 and a 1 year high of $32.55. 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 (NYSE:CUZ) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $246.46 million for the quarter, compared to analyst estimates of $239.70 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. On average, equities research analysts anticipate that Cousins Properties will post 2.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of the company’s 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 transaction, the chief accounting officer directly owned 13,518 shares in the company, valued at approximately $396,077.40. This represents a 25.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. N.E.W. Advisory Services LLC acquired a new position in Cousins Properties in the first quarter valued at $36,000. SJS Investment Consulting Inc. purchased a new stake in Cousins Properties in the third quarter valued at approximately $48,000. EverSource Wealth Advisors LLC grew its holdings in Cousins Properties by 55.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 753 shares during the period. UMB Bank n.a. increased its position in Cousins Properties by 74.8% during the second quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Cousins Properties by 2,095.3% during the second quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 2,242 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

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.