Brokerages Set Cousins Properties Incorporated (NYSE:CUZ) PT at $33.11

Cousins Properties Incorporated (NYSE:CUZ) has been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $33.11.

Several analysts have issued reports on CUZ shares. Truist Financial upped their target price on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. StockNews.com cut Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Barclays dropped their target price on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Robert W. Baird increased their price target on Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company increased their price target on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, November 4th.

Cousins Properties Stock Down 2.2 %

NYSE CUZ opened at $30.52 on Tuesday. The business has a fifty day moving average price of $30.33 and a 200 day moving average price of $29.74. Cousins Properties has a one year low of $21.58 and a one 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 cap of $4.83 billion, a P/E ratio of 101.75, a P/E/G ratio of 3.95 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.03% and a net margin of 5.36%. Research analysts anticipate that Cousins Properties will post 2.73 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced 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. This represents a $1.28 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is 426.67%.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of CUZ. Millennium Management LLC boosted its holdings in Cousins Properties by 10.6% during the 2nd quarter. Millennium Management LLC now owns 566,471 shares of the real estate investment trust’s stock valued at $13,114,000 after acquiring an additional 54,225 shares during the period. Creative Planning raised its position in Cousins Properties by 7.9% in the 2nd quarter. Creative Planning now owns 21,528 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 1,575 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Cousins Properties in the 2nd quarter valued at about $530,000. SG Americas Securities LLC raised its position in Cousins Properties by 4.7% in the 3rd quarter. SG Americas Securities LLC now owns 159,830 shares of the real estate investment trust’s stock valued at $4,712,000 after purchasing an additional 7,118 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in Cousins Properties by 14.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 36,620 shares of the real estate investment trust’s stock valued at $1,080,000 after purchasing an additional 4,500 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

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.