Cousins Properties Incorporated (NYSE:CUZ) Receives $23.67 Average Target Price from Analysts

Shares of Cousins Properties Incorporated (NYSE:CUZ) have earned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $23.67.

Several brokerages have recently weighed in on CUZ. Truist Financial lowered their target price on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. StockNews.com lowered Cousins Properties from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Barclays dropped their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th.

Cousins Properties Stock Up 0.4 %

Shares of NYSE CUZ opened at $23.76 on Friday. The company’s 50-day simple moving average is $23.13 and its 200-day simple moving average is $22.43. Cousins Properties has a 52-week low of $17.40 and a 52-week high of $25.19. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 48.48, a price-to-earnings-growth ratio of 5.06 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.57.

Cousins Properties (NYSE:CUZ) last released its earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). The business had revenue of $209.20 million for the quarter, compared to analysts’ expectations of $199.35 million. Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. Cousins Properties’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. Equities analysts predict that Cousins Properties will post 2.63 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.39%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties’s payout ratio is 261.22%.

Insider Transactions at Cousins Properties

In other Cousins Properties news, CFO Gregg D. Adzema sold 71,097 shares of Cousins Properties stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total value of $1,657,271.07. Following the transaction, the chief financial officer now directly owns 85,872 shares in the company, valued at approximately $2,001,676.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PARK CIRCLE Co acquired a new stake in Cousins Properties during the 3rd quarter valued at $31,000. Principal Securities Inc. purchased a new position in shares of Cousins Properties during the 4th quarter worth about $31,000. Cetera Trust Company N.A purchased a new stake in Cousins Properties in the fourth quarter valued at approximately $156,000. Van Lanschot Kempen Investment Management N.V. acquired a new position in shares of Cousins Properties in the 3rd quarter valued at $173,000. Finally, Westend Capital Management LLC purchased a new stake in shares of Cousins Properties during the 1st quarter valued at $184,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.

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.