Robert W. Baird Cuts Cousins Properties (NYSE:CUZ) Price Target to $33.00

Cousins Properties (NYSE:CUZ) had its price target trimmed by Robert W. Baird from $34.00 to $33.00 in a research note published on Monday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the company. KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a report on Tuesday, December 17th. Barclays decreased their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group upgraded Cousins Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $33.00 to $36.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Cousins Properties Stock Down 0.2 %

Shares of NYSE CUZ opened at $29.96 on Monday. Cousins Properties has a 52-week low of $21.58 and a 52-week high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The company’s 50-day simple moving average is $30.24 and its 200-day simple moving average is $29.99. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 99.87, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities analysts predict that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.27%. Cousins Properties’s dividend payout ratio is currently 426.67%.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds have recently modified their holdings of the business. Creative Planning lifted its position in Cousins Properties by 36.2% in the third quarter. Creative Planning now owns 29,316 shares of the real estate investment trust’s stock valued at $864,000 after buying an additional 7,788 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Cousins Properties by 168.0% in the 3rd quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 2,543 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Cousins Properties by 1,481.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,530 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 6,117 shares during the period. Signaturefd LLC increased its holdings in Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 651 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Cousins Properties in the third quarter valued at approximately $863,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

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.