Robert W. Baird Increases Cousins Properties (NYSE:CUZ) Price Target to $34.00

Cousins Properties (NYSE:CUZ) had its price target hoisted by Robert W. Baird from $33.00 to $34.00 in a research report report published on Thursday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the stock. Evercore ISI boosted their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. BMO Capital Markets lowered Cousins Properties from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Wells Fargo & Company raised their price target on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, Barclays lifted their target price on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.71.

Cousins Properties Stock Up 1.1 %

CUZ stock opened at $30.64 on Thursday. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The firm has a market cap of $4.85 billion, a PE ratio of 92.85, a PEG ratio of 4.02 and a beta of 1.29. The firm’s 50 day moving average price is $30.90 and its 200-day moving average price is $27.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The business had revenue of $209.21 million during the quarter, compared to analysts’ expectations of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. Cousins Properties’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, equities research analysts anticipate that Cousins Properties will post 2.68 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Thursday, October 3rd. Cousins Properties’s dividend payout ratio is presently 387.88%.

Institutional Trading of Cousins Properties

Several hedge funds have recently added to or reduced their stakes in CUZ. Blue Trust Inc. increased its position in shares of Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 858 shares during the last quarter. Larson Financial Group LLC increased its holdings in Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 438 shares during the last quarter. Signaturefd LLC raised its stake in Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 651 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cousins Properties during the 2nd quarter worth about $115,000. Finally, Quarry LP boosted its position in shares of Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 1,697 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.