Cousins Properties Incorporated (NYSE:CUZ) Receives $30.60 Consensus Price Target from Analysts

Cousins Properties Incorporated (NYSE:CUZ) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $30.60.

A number of research analysts recently issued reports on CUZ shares. Mizuho set a $29.00 price target on Cousins Properties and gave the company an “outperform” rating in a report on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Cousins Properties in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Wall Street Zen cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Evercore ISI boosted their price objective on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th.

Cousins Properties Stock Up 0.4%

NYSE CUZ opened at $26.07 on Friday. The firm has a market cap of $4.38 billion, a PE ratio of 74.47, a price-to-earnings-growth ratio of 2.05 and a beta of 1.21. Cousins Properties has a one year low of $24.07 and a one year high of $31.36. The stock’s 50 day simple moving average is $25.58 and its 200 day simple moving average is $27.46. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $248.33 million during the quarter, compared to the consensus estimate of $239.70 million. Cousins Properties had a return on equity of 1.20% and a net margin of 5.98%.The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. As a group, sell-side analysts forecast that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, January 5th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, January 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.9%. Cousins Properties’s payout ratio is presently 365.71%.

Institutional Trading of Cousins Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bell Investment Advisors Inc lifted its position in Cousins Properties by 2,539.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 965 shares during the period. SJS Investment Consulting Inc. bought a new stake in shares of Cousins Properties during the third quarter worth approximately $48,000. Danske Bank A S acquired a new position in Cousins Properties in the third quarter valued at approximately $52,000. EverSource Wealth Advisors LLC lifted its holdings in Cousins Properties by 55.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 753 shares during the period. Finally, UMB Bank n.a. boosted its stake in 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 valued at $70,000 after acquiring an additional 1,002 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

About Cousins Properties

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.