Cousins Properties Incorporated (NYSE:CUZ) Stock Has Average Target Price of $31.09

Cousins Properties Incorporated (NYSE:CUZ) has received an average rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $31.09.

CUZ has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Cousins Properties in a research report on Tuesday, September 22nd. Barclays lifted 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 Tuesday, July 21st. Evercore set a $33.00 price target on Cousins Properties in a research note on Monday, September 21st. Wall Street Zen upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Mizuho set a $34.00 price target on Cousins Properties in a report on Tuesday, September 8th.

Insider Buying and Selling

In other Cousins Properties news, CAO Jeffrey Symes sold 6,033 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $29.44, for a total value of $177,611.52. Following the sale, the chief accounting officer owned 16,685 shares of the company’s stock, valued at approximately $491,206.40. This represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.81% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CUZ. Norges Bank purchased a new stake in shares of Cousins Properties in the fourth quarter valued at about $53,063,000. Quantinno Capital Management LP grew its position in shares of Cousins Properties by 242.5% in the first quarter. Quantinno Capital Management LP now owns 2,644,535 shares of the real estate investment trust’s stock valued at $59,687,000 after purchasing an additional 1,872,319 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Cousins Properties during the 2nd quarter worth approximately $41,743,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Cousins Properties during the 1st quarter worth approximately $15,237,000. Finally, Bank of America Corp DE raised its position in shares of Cousins Properties by 63.5% during the 1st quarter. Bank of America Corp DE now owns 1,124,141 shares of the real estate investment trust’s stock worth $25,372,000 after purchasing an additional 436,396 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Price Performance

Shares of NYSE CUZ opened at $27.64 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.01 and a current ratio of 1.01. Cousins Properties has a one year low of $21.03 and a one year high of $32.95. The firm has a market capitalization of $4.55 billion, a P/E ratio of 691.10, a PEG ratio of 1.84 and a beta of 1.17. The company’s fifty day moving average is $29.53 and its two-hundred day moving average is $27.51.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.70 EPS. 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. Analysts forecast that Cousins Properties will post 2.97 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, October 5th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Monday, October 5th. Cousins Properties’s payout ratio is presently 3,200.00%.

About Cousins Properties

Cousins Properties Incorporated (NYSE: CUZ) is a real estate investment trust that owns, develops and manages primarily high-quality office properties. Its portfolio includes office towers, mixed-use developments and related commercial real estate assets serving corporate tenants across the United States.

The company focuses on high-growth Sun Belt markets, including Atlanta, Austin, Charlotte, Dallas, Phoenix and other major metropolitan areas. Its activities include property leasing, asset management, development and redevelopment, with an emphasis on well-located office properties in urban and mixed-use business districts.

Founded in 1958 by Thomas G.