Cousins Properties Incorporated (NYSE:CUZ) Receives $33.11 Average Price Target from Brokerages

Shares of Cousins Properties Incorporated (NYSE:CUZGet 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its holdings in Cousins Properties by 49.7% during the 3rd 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 period. Signaturefd LLC grew its position in shares of Cousins Properties by 30.8% during the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 651 shares in the last quarter. Quarry LP increased its stake in shares of Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,697 shares during the period. Blue Trust Inc. increased its stake in shares of Cousins Properties by 168.0% during the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 2,543 shares during the period. Finally, CWM LLC raised its holdings in shares of Cousins Properties by 74.6% in the third quarter. CWM LLC now owns 4,298 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 1,836 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

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:CUZGet 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

(Get Free Report

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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Analyst Recommendations for Cousins Properties (NYSE:CUZ)

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