Cousins Properties (NYSE:CUZ) Price Target Cut to $35.00 by Analysts at Barclays

Cousins Properties (NYSE:CUZ) had its price target reduced by Barclays from $36.00 to $35.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

CUZ has been the topic of a number of other reports. Robert W. Baird raised their price target on Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Truist Financial raised their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. BMO Capital Markets lowered Cousins Properties from an “outperform” rating to a “market perform” rating and increased their price target for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. StockNews.com downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Finally, KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

Cousins Properties Trading Down 1.3 %

NYSE:CUZ opened at $30.12 on Monday. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The business has a fifty day moving average price of $30.45 and a 200-day moving average price of $29.54. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 91.28, a price-to-earnings-growth ratio of 3.94 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.25%. Cousins Properties’s payout ratio is 387.88%.

Hedge Funds Weigh In On Cousins Properties

A number of institutional investors have recently modified their holdings of CUZ. JPMorgan Chase & Co. grew its stake in Cousins Properties by 21.5% in the third quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust’s stock worth $51,580,000 after purchasing an additional 309,571 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Cousins Properties by 368.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after buying an additional 615,118 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Cousins Properties by 15.9% during the third quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust’s stock valued at $65,016,000 after buying an additional 302,309 shares during the period. Geode Capital Management LLC lifted its stake in Cousins Properties by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after acquiring an additional 36,727 shares during the period. Finally, State Street Corp grew its holdings in Cousins Properties by 0.6% during the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after acquiring an additional 48,668 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

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.