Truist analyst Michael Lewis lowered the firm’s price target on Cousins Properties (CUZ) to $31 from $33 and keeps a Buy rating on the shares as part of a 2025 outlook for real estate investment trusts. The firm is neutral on REITs for 2025, saying its enthusiasm for improving fundamentals and earnings growth amid declining new supply is tempered by uncertainty regarding long-term interest rates and relatively tight cap rate spreads versus Treasuries and corporate bonds. Truist is “relatively bullish” on data center, retail, industrial, and gaming, neutral on manufactured housing, healthcare, multifamily, office, and triple net, and “relatively cautious” on self-storage.
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Read More on CUZ:
- Cousins Properties price target raised to $36 from $35 at Barclays
- Cousins Properties upgraded to Neutral from Underperform at Mizuho
- Cousins Properties upgraded to Buy from Hold at Jefferies
- Cousins Properties price target raised to $33 from $30 at Truist
- Cousins Properties upgraded to Overweight from Underweight at KeyBanc