Shares of Cousins Properties Incorporated (NYSE:CUZ – Get Free Report) have been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $33.11.
Several analysts recently commented on the company. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and upped their target price for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Jefferies Financial Group upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, January 2nd. Barclays boosted their target price 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. Truist Financial increased their price target on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, StockNews.com downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday.
View Our Latest Report on Cousins Properties
Institutional Inflows and Outflows
Cousins Properties Price Performance
Shares of CUZ opened at $28.54 on Friday. 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 firm has a market capitalization of $4.51 billion, a PE ratio of 86.48, a P/E/G ratio of 4.02 and a beta of 1.29. The stock has a 50 day simple moving average of $30.76 and a 200 day simple moving average of $28.73. Cousins Properties has a 52-week low of $21.58 and a 52-week high of $32.55.
Cousins Properties (NYSE:CUZ – Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.60). The business 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 business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Sell-side analysts predict that Cousins Properties will post 2.68 EPS for the current fiscal year.
Cousins Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, January 3rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.48%. Cousins Properties’s dividend payout ratio is presently 387.88%.
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.
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