Cousins Properties Incorporated (NYSE:CUZ) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Cousins Properties Incorporated (NYSE:CUZ) have received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $31.71.

CUZ has been the topic of several analyst reports. Truist Financial lifted their target price on shares of Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 30th. Robert W. Baird lifted their target price on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. Barclays lifted their target price on shares of Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, November 4th.

Cousins Properties Trading Up 1.1 %

Shares of Cousins Properties stock opened at $30.64 on Monday. Cousins Properties has a 1 year low of $21.58 and a 1 year high of $32.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $4.85 billion, a P/E ratio of 92.85, a PEG ratio of 4.02 and a beta of 1.29. The company’s fifty day moving average is $30.90 and its two-hundred day moving average is $27.75.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.60). The firm 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%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. Analysts forecast that Cousins Properties will post 2.68 earnings per share for the current year.

Cousins Properties Announces Dividend

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

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CUZ. Blue Trust Inc. raised its position in Cousins Properties by 130.8% during the second quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 858 shares during the last quarter. Larson Financial Group LLC raised its position in shares of 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 position in shares of 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cousins Properties in the second quarter valued at approximately $115,000. Finally, Quarry LP raised its position in shares of Cousins Properties by 74.5% in the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,697 shares during 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.