JPMorgan Chase & Co. Increases Cousins Properties (NYSE:CUZ) Price Target to $37.00

Cousins Properties (NYSE:CUZ) had its target price raised by investment analysts at JPMorgan Chase & Co. from $35.00 to $37.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 30.95% from the company’s current price.

A number of other research analysts also recently issued reports on CUZ. Mizuho upped their price target on Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Truist Financial cut their target price on Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, August 26th. Wall Street Zen cut Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. Finally, Evercore ISI increased their target price on Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cousins Properties has a consensus rating of “Moderate Buy” and a consensus price target of $32.91.

Cousins Properties Stock Performance

NYSE:CUZ opened at $28.26 on Tuesday. The business has a 50 day moving average of $28.24 and a 200 day moving average of $28.40. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 76.36, a PEG ratio of 2.57 and a beta of 1.39. 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 current ratio of 2.45 and a quick ratio of 2.45.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The firm had revenue of $237.72 million during the quarter, compared to the consensus estimate of $243.73 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, sell-side analysts predict that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Insider Activity

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of Cousins Properties stock in a transaction on Friday, September 5th. The stock was sold at an average price of $29.30, for a total transaction of $135,131.60. Following the completion of the sale, the chief accounting officer directly owned 13,518 shares of the company’s stock, valued at $396,077.40. The trade was a 25.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. GF Fund Management CO. LTD. increased its holdings in Cousins Properties by 14.8% in the first quarter. GF Fund Management CO. LTD. now owns 3,175 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 410 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Cousins Properties by 2.7% during the first quarter. Cetera Investment Advisers now owns 16,377 shares of the real estate investment trust’s stock worth $483,000 after buying an additional 427 shares during the period. Signaturefd LLC boosted its position in shares of Cousins Properties by 16.5% during the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 477 shares during the period. Parallel Advisors LLC boosted its position in shares of Cousins Properties by 14.3% during the second quarter. Parallel Advisors LLC now owns 3,932 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 493 shares during the period. Finally, State of Michigan Retirement System lifted its position in Cousins Properties by 1.5% in the first quarter. State of Michigan Retirement System now owns 40,144 shares of the real estate investment trust’s stock worth $1,184,000 after purchasing an additional 600 shares during the period. 94.38% of the stock is owned by 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.