Analysts Set Cousins Properties Incorporated (NYSE:CUZ) PT at $32.50

Cousins Properties Incorporated (NYSE:CUZ) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $32.40.

CUZ has been the subject of a number of recent analyst reports. Truist Financial lowered their price objective on Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday. Wells Fargo & Company dropped their price objective on Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Evercore ISI lifted their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a research note on Monday, May 19th. Mizuho lifted their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th.

Institutional Trading of Cousins Properties

Several hedge funds and other institutional investors have recently bought and sold shares of CUZ. Choreo LLC increased its holdings in shares of Cousins Properties by 25.6% in the 1st quarter. Choreo LLC now owns 27,837 shares of the real estate investment trust’s stock valued at $821,000 after acquiring an additional 5,681 shares during the last quarter. New York State Teachers Retirement System increased its stake in Cousins Properties by 13.5% during the first quarter. New York State Teachers Retirement System now owns 166,446 shares of the real estate investment trust’s stock valued at $4,910,000 after purchasing an additional 19,744 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Cousins Properties by 16.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,421 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 1,297 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Cousins Properties by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust’s stock valued at $40,853,000 after purchasing an additional 12,131 shares during the last quarter. Finally, KBC Group NV increased its stake in Cousins Properties by 25.3% during the first quarter. KBC Group NV now owns 7,554 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,527 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

Cousins Properties Stock Performance

Cousins Properties stock opened at $28.97 on Friday. Cousins Properties has a 12-month low of $24.07 and a 12-month high of $32.55. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 78.28, a price-to-earnings-growth ratio of 2.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45. The firm’s fifty day moving average price is $28.44 and its 200 day moving average price is $28.53.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The firm had revenue of $237.72 million for the quarter, compared to the consensus estimate of $243.73 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, research analysts forecast that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, July 7th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, July 7th. Cousins Properties’s payout ratio is currently 345.95%.

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.