Cousins Properties (NYSE:CUZ) Given New $27.00 Price Target at BMO Capital Markets

Cousins Properties (NYSE:CUZ) had its target price cut by BMO Capital Markets from $31.00 to $27.00 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other research firms also recently weighed in on CUZ. Barclays reduced their target price on shares of Cousins Properties from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Truist Financial cut their price objective on shares of Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a report on Monday, December 1st. Mizuho set a $27.00 price objective on shares of Cousins Properties in a research note on Tuesday, February 24th. JPMorgan Chase & Co. dropped their target price on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Finally, Evercore reaffirmed an “outperform” rating on shares of Cousins Properties in a report on Friday, February 6th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Cousins Properties currently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Cousins Properties Stock Down 0.0%

CUZ stock opened at $22.76 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 94.83, a PEG ratio of 1.80 and a beta of 1.21. Cousins Properties has a fifty-two week low of $21.03 and a fifty-two week high of $30.81. The stock has a fifty day moving average of $24.77 and a 200-day moving average of $26.12.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. The business had revenue of $255.03 million for the quarter, compared to analysts’ expectations of $252.18 million. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. As a group, equities research analysts predict that Cousins Properties will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, January 5th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, January 5th. Cousins Properties’s dividend payout ratio (DPR) is 533.33%.

Cousins Properties declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 17th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Cousins Properties

Several institutional investors and hedge funds have recently bought and sold shares of CUZ. Fox Run Management L.L.C. purchased a new position in shares of Cousins Properties during the 2nd quarter valued at $338,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Cousins Properties by 2.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 120,577 shares of the real estate investment trust’s stock worth $3,621,000 after buying an additional 3,013 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Cousins Properties in the second quarter worth $346,000. Allworth Financial LP boosted its stake in Cousins Properties by 7,808.1% during the second quarter. Allworth Financial LP now owns 23,408 shares of the real estate investment trust’s stock valued at $703,000 after buying an additional 23,112 shares during the period. Finally, Boston Partners grew its position in Cousins Properties by 2.3% during the second quarter. Boston Partners now owns 771,751 shares of the real estate investment trust’s stock worth $22,609,000 after buying an additional 17,022 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

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.