Truist Securities lowers Cousins Properties stock price target to $30

Investing.com - Truist Securities lowered its price target on Cousins Properties (NYSE:CUZ) to $30.00 from $31.00 while maintaining a Hold rating on the real estate investment trust. The $4.77 billion market cap company currently trades at a notably high P/E ratio of 75.8x, according to InvestingPro data.

The price target reduction reflects lower target price-to-funds from operations (P/FFO) and price-to-net asset value (P/NAV) multiples amid slumping national job growth, according to Truist Securities.

Despite the lower price target, Truist Securities raised its FFO estimates for Cousins Properties, partly driven by the company’s acquisition of The Link in Dallas at an 8.3% GAAP cap rate.

The firm highlighted Cousins Properties’ relatively low leverage at 5.1x net debt to EBITDA and limited upcoming lease expirations, which represent only 8% of total rent in the next six quarters.

Truist Securities projects positive FFO growth for Cousins Properties this year and next, despite the Bank of America moveout and potentially dilutive refinancing activity, but believes there are currently more attractive REIT investment opportunities outside the office sector.

In other recent news, Cousins Properties Incorporated reported its second-quarter 2025 earnings, surpassing expectations for earnings per share (EPS) but falling short on revenue projections. The company achieved an EPS of $0.09, exceeding the forecast of $0.08, which represents a 12.5% surprise. However, revenue was reported at $240.13 million, slightly below the anticipated $243.57 million, marking a 1.41% shortfall. Despite the earnings beat, the company’s revenue miss was notable. These developments are among the latest updates regarding Cousins Properties. The company’s financial performance continues to be closely watched by investors and analysts. No recent analyst upgrades or downgrades were reported for Cousins Properties.

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