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

Cousins Properties (NYSE:CUZ) had its target price raised by stock analysts at Mizuho from $27.00 to $33.00 in a report issued on Tuesday, Marketbeat.com reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 5.71% from the company’s current price.

Other equities analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Wall Street Zen raised shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Wells Fargo & Company lifted their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Evercore reissued an “outperform” rating and issued a $34.00 target price on shares of Cousins Properties in a report on Monday, July 6th. Finally, Truist Financial increased their price target on Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cousins Properties has an average rating of “Moderate Buy” and a consensus target price of $30.91.

Cousins Properties Stock Performance

Shares of NYSE:CUZ opened at $31.22 on Tuesday. The business’s fifty day moving average price is $28.82 and its two-hundred day moving average price is $25.89. Cousins Properties has a fifty-two week low of $21.03 and a fifty-two week high of $32.35. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of -1,040.25, a price-to-earnings-growth ratio of 2.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The company had revenue of $263.11 million for the quarter, compared to the consensus estimate of $256.77 million. During the same period in the previous year, the business posted $0.74 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, analysts predict that Cousins Properties will post 2.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Cousins Properties

A number of large investors have recently modified their holdings of CUZ. Principal Financial Group Inc. increased its holdings in shares of Cousins Properties by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock valued at $332,310,000 after purchasing an additional 419,911 shares in the last quarter. Resolution Capital Ltd lifted its holdings in Cousins Properties by 0.6% during the 2nd quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock worth $177,754,000 after buying an additional 33,097 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in Cousins Properties by 3.2% during the 4th quarter. Centersquare Investment Management LLC now owns 5,847,176 shares of the real estate investment trust’s stock worth $150,740,000 after buying an additional 179,036 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Cousins Properties by 308.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock valued at $133,422,000 after buying an additional 3,909,740 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Cousins Properties by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,448,764 shares of the real estate investment trust’s stock valued at $88,924,000 after buying an additional 47,633 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

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.