In a report released today, John Kim from BMO Capital maintained a Hold rating on Cousins Properties (CUZ – Research Report), with a price target of $32.00.
John Kim has given his Hold rating due to a combination of factors influencing Cousins Properties. The company reported a positive financial performance with a first-quarter 2025 FFO per share exceeding expectations by $0.04 and an upward revision of the 2025 guidance by $0.01. This was primarily attributed to increased parking income and reduced property taxes, alongside a notable improvement in leasing activity and occupancy rates.
However, despite these positive developments, John Kim noted some concerns that justify a Hold rating. Cousins Properties did not engage in any investment activities, and leasing concessions remained significantly high compared to the sector average, which could impact profitability. Additionally, the increase in general and administrative expenses in the first quarter also contributed to the cautious outlook. These mixed signals led to the conclusion that maintaining a Hold rating is appropriate at this time.
According to TipRanks, Kim is a 2-star analyst with an average return of 0.0% and a 46.41% success rate. Kim covers the Real Estate sector, focusing on stocks such as Eastgroup Properties, Vornado Realty, and Easterly Government Properties.