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

Shares of Cousins Properties Incorporated (NYSE:CUZ) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $32.89.

Several research analysts recently commented on the stock. Jefferies Financial Group began coverage on shares of Cousins Properties in a report on Monday, March 17th. They issued a “buy” rating and a $35.00 price objective for the company. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a report on Tuesday, December 17th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Truist Financial raised their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays decreased their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd.

Cousins Properties Stock Performance

Shares of CUZ opened at $29.40 on Wednesday. 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 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The stock’s fifty day moving average price is $29.89 and its two-hundred day moving average price is $30.25. The firm has a market cap of $4.94 billion, a PE ratio of 98.01, a PEG ratio of 2.98 and a beta of 1.28.

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

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Thursday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is currently 426.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CUZ. Principal Financial Group Inc. lifted its stake in Cousins Properties by 3.9% during the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock worth $357,910,000 after purchasing an additional 458,387 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Cousins Properties by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust’s stock worth $73,357,000 after buying an additional 82,521 shares during the last quarter. Cerity Partners LLC purchased a new stake in Cousins Properties in the third quarter worth approximately $584,000. Larson Financial Group LLC grew its position in Cousins Properties by 49.7% during 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 acquiring an additional 438 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Cousins Properties by 6.9% during the third quarter. Daiwa Securities Group Inc. now owns 50,776 shares of the real estate investment trust’s stock worth $1,497,000 after acquiring an additional 3,299 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.