Truist lowered the firm’s price target on Cousins Properties (CUZ) to $28 from $30 and keeps a Hold rating on the shares. Cousins is one of the more attractive office REIT stocks, given a high-quality portfolio with low near-term lease expirations, relatively low financial leverage, and positive projected normalized FFO per share growth this year and next, though office is still one of the firm’s least preferred REIT sectors, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CUZ:
- Cousins Properties price target lowered to $33 from $37 at JPMorgan
- Cousins Properties price target lowered to $30 from $32 at Wells Fargo
- Cousins Properties upgraded to Overweight from Equal Weight at Wells Fargo
- Cousins Properties Inc. Earnings Call Highlights Strategic Growth
- Cousins Properties: Mixed Signals Justify Hold Rating Amid Resilience and Challenges