Cousins Properties Incorporated (NYSE:CUZ) Given Average Recommendation of “Moderate Buy” by Brokerages

Cousins Properties Incorporated (NYSE:CUZ) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $28.29.

CUZ has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Barclays raised their target price on Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Truist Financial upped their price target on Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company raised their price objective on Cousins Properties from $26.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, Evercore ISI boosted their target price on Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a report on Monday, September 16th.

Insider Buying and Selling

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Cousins Properties

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in shares of Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 858 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Cousins Properties by 3,236.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,586 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Cousins Properties during the first quarter worth $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cousins Properties in the second quarter valued at about $115,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Cousins Properties by 46.4% in the second quarter. Acadian Asset Management LLC now owns 6,086 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 1,928 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Down 0.5 %

NYSE CUZ opened at $29.33 on Wednesday. The firm’s 50 day moving average price is $27.92 and its two-hundred day moving average price is $24.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. Cousins Properties has a twelve month low of $17.40 and a twelve month high of $30.50. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 59.85, a PEG ratio of 4.90 and a beta of 1.31.

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

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, October 3rd. Cousins Properties’s dividend payout ratio (DPR) is currently 261.22%.

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.