Analysts Set Cousins Properties Incorporated (NYSE:CUZ) PT at $31.50

Cousins Properties Incorporated (NYSE:CUZ) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat.com 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 1 year target price among brokerages that have covered the stock in the last year is $31.50.

A number of analysts have issued reports on CUZ shares. Wells Fargo & Company lifted their price objective on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Evercore ISI upped their price target 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. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Truist Financial upped their target price on shares of Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Barclays lifted their price target on Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th.

Cousins Properties Price Performance

Shares of Cousins Properties stock opened at $31.90 on Thursday. The stock’s fifty day moving average is $30.40 and its 200 day moving average is $26.95. The stock has a market cap of $4.85 billion, a P/E ratio of 96.67, a P/E/G ratio of 4.23 and a beta of 1.29. Cousins Properties has a one year low of $19.48 and a one year high of $32.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The business had revenue of $209.21 million during the quarter, compared to analysts’ expectations of $212.54 million. During the same quarter in the previous year, the company posted $0.65 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Cousins Properties will post 2.68 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, October 3rd. Cousins Properties’s dividend payout ratio is currently 387.88%.

Insider Buying and Selling 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 completion of the transaction, the chief accounting officer now directly owns 12,529 shares of the company’s stock, valued at $352,440.77. This trade represents a 32.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of 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 worth $39,000 after purchasing an additional 438 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Cousins Properties by 2.2% during the 2nd quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock valued at $545,000 after buying an additional 501 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 651 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Cousins Properties by 5.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust’s stock worth $369,000 after buying an additional 769 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in Cousins Properties by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 133,620 shares of the real estate investment trust’s stock worth $3,093,000 after acquiring an additional 790 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

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.