Cousins Properties Incorporated (NYSE:CUZ) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst sentiment is moderately bullish: Seven of ten analysts rate Cousins Properties a “buy” and three recommend “hold,” with an average 12-month price target of $31.09 versus a recent price of $28.58.
• The REIT reported quarterly revenue of $268.53 million, up 11.8% year over year and above estimates, but earnings per share of $0.16 fell well short of the $0.74 consensus forecast.
• Cousins Properties pays a quarterly dividend of $0.32 per share, or $1.28 annually, representing a 4.5% yield; institutional investors own 94.38% of the company’s stock.

Shares of Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $31.0909.

A number of analysts recently issued reports on the company. Robert W. Baird boosted their price objective on Cousins Properties from $33.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Wells Fargo & Company lifted their target price on Cousins Properties from $28.00 to $34.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Truist Financial lifted their target price on Cousins Properties from $24.00 to $30.00 and gave the company a "hold" rating in a report on Friday, June 26th. Finally, Mizuho upped their price target on Cousins Properties from $27.00 to $33.00 and gave the company an "outperform" rating in a research report on Tuesday, July 21st.

Cousins Properties Stock Performance

NYSE CUZ opened at $28.58 on Wednesday. The company's 50 day moving average is $30.41 and its 200-day moving average is $26.79. Cousins Properties has a 12-month low of $21.03 and a 12-month high of $32.95. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.83. The firm has a market cap of $4.70 billion, a P/E ratio of 714.68, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.58). Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The business had revenue of $268.53 million during the quarter, compared to the consensus estimate of $263.55 million. During the same period last year, the business posted $0.70 earnings per share. The firm's quarterly revenue was up 11.8% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Sell-side analysts predict that Cousins Properties will post 2.97 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.28 annualized dividend and a yield of 4.5%. Cousins Properties's payout ratio is currently 3,200.00%.

Insiders Place Their Bets

In related news, CAO Jeffrey D. Symes sold 6,033 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $29.44, for a total transaction of $177,611.52. Following the sale, the chief accounting officer owned 16,685 shares of the company's stock, valued at approximately $491,206.40. This represents a 26.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.81% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Corient Private Wealth LP increased its holdings in shares of Cousins Properties by 48.5% in the second quarter. Corient Private Wealth LP now owns 101,030 shares of the real estate investment trust's stock worth $3,029,000 after purchasing an additional 33,002 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Cousins Properties during the second quarter valued at $4,122,000. California State Teachers Retirement System boosted its stake in Cousins Properties by 2,705.9% during the second quarter. California State Teachers Retirement System now owns 5,682,769 shares of the real estate investment trust's stock valued at $170,369,000 after buying an additional 5,480,239 shares during the period. HB Wealth Management LLC bought a new stake in Cousins Properties during the second quarter valued at $244,000. Finally, Syon Capital LLC grew its position in Cousins Properties by 112.7% during the second quarter. Syon Capital LLC now owns 28,507 shares of the real estate investment trust's stock worth $855,000 after buying an additional 15,104 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.

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