Cousins Properties (NYSE:CUZ) Given New $35.00 Price Target at Robert W. Baird

Cousins Properties (NYSE:CUZ) had its target price upped by Robert W. Baird from $33.00 to $35.00 in a report released on Friday morning, Marketbeat Ratings reports. Robert W. Baird currently has an outperform rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on CUZ. Wall Street Zen upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Barclays upped their price target on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Wells Fargo & Company boosted their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings raised shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Finally, Evercore restated an “outperform” rating and set a $34.00 price objective on shares of Cousins Properties in a research report on Monday, July 6th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.09.

Cousins Properties Stock Down 0.7%

NYSE:CUZ opened at $29.72 on Friday. The stock has a market capitalization of $4.89 billion, a P/E ratio of 743.26, a P/E/G ratio of 1.96 and a beta of 1.18. Cousins Properties has a fifty-two week low of $21.03 and a fifty-two week high of $32.95. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.01 and a current ratio of 1.01. The company’s 50-day simple moving average is $30.22 and its 200-day simple moving average is $26.42.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.58). Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The company had revenue of $268.53 million during the quarter, compared to analysts’ expectations of $263.55 million. During the same period in the previous year, the business earned $0.70 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. On average, equities analysts anticipate that Cousins Properties will post 2.97 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were given a dividend of $0.32 per share. The ex-dividend date was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.3%. Cousins Properties’s dividend payout ratio (DPR) is currently 3,200.00%.

Hedge Funds Weigh In On Cousins Properties

Hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC raised its position in Cousins Properties by 1.6% in the fourth quarter. Sanctuary Advisors LLC now owns 30,730 shares of the real estate investment trust’s stock valued at $792,000 after purchasing an additional 483 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Cousins Properties by 25.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,634 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 526 shares during the period. Polymer Capital Management US LLC grew its stake in shares of Cousins Properties by 4.8% in the third quarter. Polymer Capital Management US LLC now owns 13,889 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 634 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Cousins Properties by 25.6% in the second quarter. GAMMA Investing LLC now owns 3,175 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 648 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Cousins Properties by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 183,511 shares of the real estate investment trust’s stock valued at $4,142,000 after buying an additional 666 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.