Wells Fargo & Company Cuts Cousins Properties (NYSE:CUZ) Price Target to $30.00

Cousins Properties (NYSE:CUZ) had its price objective dropped by Wells Fargo & Company from $32.00 to $30.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 15.93% from the stock’s current price.

Several other research firms also recently weighed in on CUZ. Weiss Ratings reissued a “hold (c)” rating on shares of Cousins Properties in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Evercore ISI lifted their price objective on Cousins Properties from $31.00 to $32.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. JPMorgan Chase & Co. raised their target price on Cousins Properties from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Finally, Mizuho upped their price objective on Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Cousins Properties Stock Down 1.1%

Shares of NYSE CUZ traded down $0.28 during trading hours on Monday, hitting $25.88. 118,341 shares of the stock were exchanged, compared to its average volume of 1,485,418. Cousins Properties has a 12 month low of $24.07 and a 12 month high of $32.55. The firm has a fifty day moving average price of $27.74 and a 200-day moving average price of $28.20. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. The company has a market cap of $4.35 billion, a PE ratio of 69.91, a PEG ratio of 2.29 and a beta of 1.36.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.69. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The business had revenue of $246.46 million for the quarter, compared to the consensus estimate of $239.70 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The business’s quarterly revenue was up 18.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. On average, sell-side analysts expect that Cousins Properties will post 2.76 EPS for the current year.

Insider Buying and Selling

In other 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 value 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 approximately $396,077.40. The trade was a 25.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.

Institutional Trading of Cousins Properties

A number of institutional investors and hedge funds have recently bought and sold shares of CUZ. Bank of New York Mellon Corp lifted its holdings in Cousins Properties by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust’s stock worth $40,853,000 after buying an additional 12,131 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Cousins Properties by 2.2% during the first quarter. Envestnet Asset Management Inc. now owns 196,842 shares of the real estate investment trust’s stock worth $5,807,000 after acquiring an additional 4,292 shares during the period. State of Michigan Retirement System raised its stake in shares of 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 valued at $1,184,000 after acquiring an additional 600 shares in the last quarter. Xponance Inc. boosted its holdings in Cousins Properties by 11.8% in the first quarter. Xponance Inc. now owns 23,983 shares of the real estate investment trust’s stock valued at $707,000 after purchasing an additional 2,527 shares during the period. Finally, Ballentine Partners LLC acquired a new position in Cousins Properties during the 1st quarter worth $337,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

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.