Cousins Properties Incorporated (NYSE:CUZ) Given Consensus Recommendation of “Hold” by Brokerages

Cousins Properties Incorporated (NYSE:CUZ) has been given a consensus rating of “Hold” by the seven analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $26.43.

A number of research analysts have issued reports on the company. Evercore ISI reissued an “in-line” rating and set a $29.00 price objective on shares of Cousins Properties in a report on Tuesday, August 20th. Barclays lifted their price target on shares of Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Robert W. Baird upped their price objective on shares of Cousins Properties from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Truist Financial lifted their target price on shares of Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd.

Cousins Properties Stock Performance

NYSE:CUZ opened at $28.32 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $26.12 and a 200 day moving average price of $24.16. The firm has a market capitalization of $4.31 billion, a PE ratio of 57.80, a price-to-earnings-growth ratio of 4.68 and a beta of 1.30. Cousins Properties has a 12-month low of $17.40 and a 12-month high of $28.58.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). The company had revenue of $212.98 million during the quarter, compared to analyst estimates of $208.18 million. Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.75 earnings per share. Research analysts anticipate that Cousins Properties will post 2.67 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Wednesday, July 3rd were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.52%. Cousins Properties’s dividend payout ratio (DPR) is currently 261.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in shares of Cousins Properties by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock valued at $2,128,000 after acquiring an additional 486 shares during the period. Retirement Systems of Alabama increased its position in Cousins Properties by 0.3% in the first quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust’s stock worth $4,582,000 after purchasing an additional 498 shares during the period. Federated Hermes Inc. raised its holdings in 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 worth $545,000 after purchasing an additional 501 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Cousins Properties by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 67,107 shares of the real estate investment trust’s stock valued at $1,634,000 after purchasing an additional 650 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Cousins Properties by 5.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust’s stock valued at $369,000 after purchasing an additional 769 shares during the period. 94.38% of the stock is currently owned by institutional investors.

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.