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

Cousins Properties Incorporated (NYSE:CUZ) has been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $30.67.

A number of analysts recently weighed in on the stock. Barclays raised their price target 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. Robert W. Baird boosted their target price on Cousins Properties from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Truist Financial raised their price target on Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company boosted their price objective on Cousins Properties from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Finally, Evercore ISI raised their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, September 16th.

Insider Transactions at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 5,997 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $28.13, for a total value of $168,695.61. Following the sale, the chief accounting officer now directly owns 12,529 shares in the company, valued at $352,440.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Cousins Properties

Several large investors have recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 858 shares during the period. Versant Capital Management Inc lifted its holdings in Cousins Properties by 3,236.7% during the second quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,586 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in Cousins Properties in the first quarter valued at about $43,000. Signaturefd LLC increased its holdings 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 worth $82,000 after acquiring an additional 651 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cousins Properties during the second quarter worth about $115,000. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Price Performance

Shares of CUZ stock opened at $29.98 on Friday. Cousins Properties has a 52 week low of $17.85 and a 52 week high of $32.17. The stock has a market capitalization of $4.56 billion, a PE ratio of 90.85, a PEG ratio of 4.71 and a beta of 1.30. 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 stock’s fifty day moving average is $29.57 and its 200-day moving average is $26.03.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The company had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. Equities research analysts expect that Cousins Properties will post 2.67 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.27%. The ex-dividend date was Thursday, October 3rd. Cousins Properties’s payout ratio is 387.88%.

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.