Analysts Set Cousins Properties Incorporated (NYSE:CUZ) PT at $32.89

Cousins Properties Incorporated (NYSE:CUZ) has earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $32.89.

A number of brokerages have issued reports on CUZ. Truist Financial upped their target price on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and upped their price target for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. Barclays reduced their price objective on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a report on Monday, March 17th. They set a “buy” rating and a $35.00 target price on the stock. Finally, Robert W. Baird decreased their price target on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th.

Cousins Properties Trading Down 0.4 %

NYSE CUZ opened at $29.51 on Wednesday. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The company’s 50 day moving average price is $29.95 and its 200 day moving average price is $30.23. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 98.37, a PEG ratio of 2.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. On average, sell-side analysts predict that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties’s payout ratio is 426.67%.

Institutional Investors Weigh In On Cousins Properties

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp increased its stake in shares of Cousins Properties by 1,609.3% during the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 869 shares during the period. UMB Bank n.a. boosted its stake in Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC boosted its stake in Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 438 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Cousins Properties in the 4th quarter worth $85,000. Finally, FIL Ltd raised its stake in shares of Cousins Properties by 24.6% in the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 643 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Company Profile

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.