Streetbeat News

CUZ

Cousins Properties Incorporated

https://www.cousins.com

Industry

REIT - Office

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments.

Open

30.78

Mkt cap

4.8B

Volume

1.4M

High

30.94

P/E Ratio

90.15

52-wk high

32.44

Low

30.38

Div yield

0.04

52-wk low

19.45

Analysts have varied opinions on Cousins Properties (NYSE:CUZ), with recent ratings showing a mix of bullish and indifferent sentiments. The average 12-month price target has increased to $30.17, indicating positive expectations. The company's financials show strong revenue growth and net margin, but challenges in ROE.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 7:01 pm

Evercore ISI Group has maintained an 'In-Line' rating for Cousins Properties (NYSE:CUZ) and raised the price target from $29 to $30.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:08 pm

Wells Fargo analyst Blaine Heck has maintained an Overweight rating on Cousins Properties (NYSE:CUZ) and increased the price target from $26 to $31.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 2:25 pm

Cousins Properties (NYSE:CUZ) has seen a positive shift in analyst ratings over the past three months, with a rise in the average 12-month price target from $27.25 to $30.00. Analysts have shown a more bullish outlook, with recent upgrades in ratings and price targets. The company has demonstrated strong financial performance, with revenue growth and a high net margin, although its ROE is below industry standards.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 2:00 pm

Truist Securities has maintained a Buy rating on Cousins Properties (NYSE:CUZ) and raised the price target from $26 to $30, indicating a positive outlook for the stock.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 1:12 pm

Evercore ISI Group has downgraded Cousins Properties (NYSE:CUZ) from Outperform to In-Line, while maintaining the price target at $29.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:07 am

Town Lane and Cousins Properties have acquired a 526,000 sq ft Class A office building, Proscenium, in Midtown Atlanta for $83 million. The joint venture involves Town Lane owning 80% and Cousins Properties owning 20%. Cousins will also provide property management and leasing services.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:41 pm

Baird analyst David Rodgers maintains an Outperform rating on Cousins Properties (NYSE:CUZ) and raises the price target from $29 to $31.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:10 pm

The COVID-19 pandemic has accelerated the trend of remote work, leading to high office vacancy rates in major U.S. cities like San Francisco, Houston, and Seattle. This has negatively impacted commercial real estate, particularly office REITs such as Alexandria Real Estate Equities (ARE), BXP Inc (BXP), Hudson Pacific Properties (HPP), Cousins Properties (CUZ), and Kilroy Realty Corporation (KRC). ETFs like Vanguard Real Estate Index Fund (VNQ), Schwab US REIT ETF (SCHH), and Real Estate Select Sector SPDR Fund (XLRE) have fared better due to diversification.

Portfolio Pulse from Hayden Buckfire

July 30, 2024 | 12:59 pm

Barclays analyst Anthony Powell maintains an Overweight rating on Cousins Properties (NYSE:CUZ) and raises the price target from $25 to $30.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:28 am

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