Cousins Properties Incorporated (NYSE:CUZ) Receives $32.89 Average PT from Brokerages

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

A number of equities analysts recently issued reports on the company. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a report on Tuesday, December 17th. Barclays decreased their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Truist Financial upped their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and raised their target price for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th.

Institutional Trading of Cousins Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Resolution Capital Ltd purchased a new position in Cousins Properties in the 4th quarter worth about $135,094,000. GRS Advisors LLC acquired a new position in shares of Cousins Properties in the fourth quarter worth about $63,759,000. Norges Bank purchased a new position in shares of Cousins Properties in the fourth quarter worth approximately $57,194,000. Rush Island Management LP acquired a new stake in shares of Cousins Properties during the third quarter valued at approximately $46,393,000. Finally, Principal Financial Group Inc. lifted its position in shares of Cousins Properties by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock valued at $413,375,000 after acquiring an additional 1,350,352 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Performance

CUZ stock opened at $29.51 on Wednesday. The stock’s fifty day moving average is $29.95 and its two-hundred day moving average is $30.25. The stock 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 has a 1 year low of $21.58 and a 1 year high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate 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, research analysts predict that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.34%. Cousins Properties’s dividend payout ratio (DPR) is 426.67%.

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.