Analysts Set Cousins Properties Incorporated (NYSE:CUZ) Target Price at $29.70

Cousins Properties Incorporated (NYSE:CUZ) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $29.25.

A number of analysts have recently weighed in on CUZ shares. Mizuho set a $27.00 target price on shares of Cousins Properties in a research report on Tuesday, February 24th. Capital One Financial set a $27.00 price objective on shares of Cousins Properties in a research note on Thursday. Barclays cut their price objective on shares of Cousins Properties from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. BMO Capital Markets decreased their target price on shares of Cousins Properties from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Evercore reiterated an “outperform” rating on shares of Cousins Properties in a report on Friday, February 6th.

Hedge Funds Weigh In On Cousins Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC raised its position in shares of Cousins Properties by 1.6% in the 4th quarter. Sanctuary Advisors LLC now owns 30,730 shares of the real estate investment trust’s stock worth $792,000 after purchasing an additional 483 shares during the last quarter. Assetmark Inc. grew its position in Cousins Properties by 9.6% during the 3rd quarter. Assetmark Inc. now owns 5,781 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 505 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Cousins Properties by 25.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,634 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 526 shares during the last quarter. DoubleLine ETF Adviser LP raised its holdings in Cousins Properties by 5.3% in the third quarter. DoubleLine ETF Adviser LP now owns 10,461 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 531 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Cousins Properties by 1.3% in the third quarter. Teacher Retirement System of Texas now owns 41,753 shares of the real estate investment trust’s stock worth $1,208,000 after buying an additional 552 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Down 0.0%

Shares of NYSE:CUZ opened at $22.77 on Wednesday. The firm has a market capitalization of $3.83 billion, a P/E ratio of 94.89, a P/E/G ratio of 1.80 and a beta of 1.21. 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 stock has a 50 day moving average price of $24.71 and a 200-day moving average price of $26.08. Cousins Properties has a 52-week low of $21.03 and a 52-week high of $30.81.

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

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

Cousins Properties Dividend Announcement

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

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.