Cousins Properties (NYSE:CUZ) Price Target Cut to $30.00 by Analysts at Wells Fargo & Company

Cousins Properties (NYSE:CUZ) had its price target cut by Wells Fargo & Company from $32.00 to $30.00 in a report issued on Monday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. Mizuho lifted their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Evercore ISI raised their price objective on Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Jefferies Financial Group downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $34.00 to $27.00 in a research note on Monday, October 13th. Truist Financial dropped their target price on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Cousins Properties from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.00.

Cousins Properties Trading Down 1.2%

NYSE:CUZ opened at $25.84 on Monday. The business has a 50 day moving average price of $27.67 and a two-hundred day moving average price of $28.18. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. The company has a market cap of $4.34 billion, a P/E ratio of 69.82, a price-to-earnings-growth ratio of 2.29 and a beta of 1.36. Cousins Properties has a twelve month low of $24.07 and a twelve month high of $32.55.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.69. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business had revenue of $246.46 million during the quarter, compared to the consensus estimate of $239.70 million. During the same quarter last year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. As a group, analysts expect that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were given a $0.32 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.0%. Cousins Properties’s payout ratio is 365.71%.

Insider Activity

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $29.30, for a total value of $135,131.60. Following the transaction, the chief accounting officer owned 13,518 shares in the company, valued at $396,077.40. This trade represents a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CUZ. N.E.W. Advisory Services LLC bought a new position in Cousins Properties during the first quarter worth about $36,000. SJS Investment Consulting Inc. purchased a new position in Cousins Properties in the 3rd quarter valued at approximately $48,000. EverSource Wealth Advisors LLC lifted its position in shares of Cousins Properties by 55.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 753 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Cousins Properties by 74.8% in the second quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,002 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Cousins Properties by 2,095.3% in the second quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 2,242 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

About Cousins Properties

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.