Cousins Properties Incorporated (NYSE:CUZ) Receives $28.29 Consensus Target Price from Analysts

Cousins Properties Incorporated (NYSE:CUZ) has received an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One research 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 brokers that have covered the stock in the last year is $28.29.

Several research firms recently issued reports on CUZ. Wells Fargo & Company lifted their price objective on Cousins Properties from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Truist Financial boosted their price target on Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Robert W. Baird lifted their target price 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. Evercore ISI increased their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Barclays boosted their price target on shares of Cousins Properties from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th.

Cousins Properties Stock Performance

CUZ opened at $28.93 on Wednesday. The company has a market cap of $4.40 billion, a P/E ratio of 59.04, a price-to-earnings-growth ratio of 4.90 and a beta of 1.30. 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’s 50-day moving average price is $28.21 and its 200-day moving average price is $25.01. Cousins Properties has a 52-week low of $17.40 and a 52-week high of $30.50.

Cousins Properties (NYSE:CUZ) last released its earnings results 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 return on equity of 1.31% and a net margin of 7.25%. The firm had revenue of $212.98 million for the quarter, compared to analyst estimates of $208.18 million. During the same period last year, the firm earned $2.75 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Cousins Properties will post 2.67 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company 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 $0.32 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.28 annualized dividend and a yield of 4.42%. Cousins Properties’s payout ratio is 261.22%.

Insider Transactions 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 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 in the company, valued at approximately $352,440.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Heitman Real Estate Securities LLC purchased a new stake in shares of Cousins Properties in the 4th quarter valued at $32,105,000. Balyasny Asset Management L.P. lifted its position in shares of Cousins Properties by 49.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,781,184 shares of the real estate investment trust’s stock worth $67,722,000 after purchasing an additional 916,508 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Cousins Properties by 75.6% in the first quarter. Jennison Associates LLC now owns 1,917,908 shares of the real estate investment trust’s stock valued at $46,107,000 after purchasing an additional 825,547 shares during the period. Swedbank AB acquired a new position in shares of Cousins Properties in the first quarter valued at approximately $14,306,000. Finally, Vanguard Group Inc. increased its stake in Cousins Properties by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 23,353,228 shares of the real estate investment trust’s stock worth $561,412,000 after buying an additional 456,251 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

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.