Cousins Properties Incorporated (NYSE:CUZ) Stock Has Average Target Price of $31.09

Key Points

• Cousins Properties has a “Moderate Buy” consensus rating from 10 analysts, with seven buys and three holds. The average 12-month price target is $31.09, above the reported share price of $28.69.
• The REIT reported quarterly revenue of $268.53 million, exceeding estimates, but earnings per share of $0.16 fell well short of the $0.74 consensus. Revenue increased 11.8% year over year.
• Cousins Properties declared a quarterly dividend of $0.32 per share, equivalent to an annualized $1.28 payout and a 4.5% yield. Institutional investors own 94.38% of the company, while an insider recently reduced his holdings through a stock sale.

Shares of Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $31.09.

A number of research firms have recently issued reports on CUZ. Mizuho set a $34.00 price objective on shares of Cousins Properties in a research note on Tuesday, September 8th. Weiss Ratings reissued a "hold (c-)" rating on shares of Cousins Properties in a research note on Tuesday. Truist Financial upped their target price on Cousins Properties from $24.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, June 26th. Evercore set a $33.00 target price on Cousins Properties in a research report on Monday, September 21st. Finally, Wells Fargo & Company lifted their price target on Cousins Properties from $28.00 to $34.00 and gave the company an "overweight" rating in a report on Monday, June 1st.

Insider Transactions at Cousins Properties

In other Cousins Properties news, CAO Jeffrey Symes sold 6,033 shares of Cousins Properties stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $29.44, for a total value of $177,611.52. Following the transaction, the chief accounting officer owned 16,685 shares in the company, valued at $491,206.40. The trade was a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Cousins Properties in the 4th quarter valued at approximately $53,063,000. Intech Investment Management LLC grew its position in Cousins Properties by 222.9% during the 4th quarter. Intech Investment Management LLC now owns 251,847 shares of the real estate investment trust's stock worth $6,493,000 after purchasing an additional 173,840 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Cousins Properties during the 1st quarter worth approximately $1,773,000. BROOKFIELD Corp ON acquired a new position in Cousins Properties during the 1st quarter valued at approximately $5,552,000. Finally, Fieldview Capital Management LLC acquired a new position in Cousins Properties during the 4th quarter valued at approximately $2,146,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $28.69 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.83. The stock's fifty day moving average price is $29.68 and its 200-day moving average price is $27.41. The firm has a market cap of $4.72 billion, a P/E ratio of 717.38, a P/E/G ratio of 1.88 and a beta of 1.17. Cousins Properties has a 12 month low of $21.03 and a 12 month high of $32.95.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.58). The business had revenue of $268.53 million during the quarter, compared to analysts' expectations of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The firm's revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. On average, equities research analysts expect that Cousins Properties will post 2.97 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, October 5th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.28 dividend on an annualized basis and a yield of 4.5%. Cousins Properties's dividend payout ratio (DPR) is presently 3,200.00%.

Cousins Properties Company Profile

Cousins Properties Incorporated NYSE: CUZ is a real estate investment trust that owns, develops and manages primarily high-quality office properties. Its portfolio includes office towers, mixed-use developments and related commercial real estate assets serving corporate tenants across the United States.

The company focuses on high-growth Sun Belt markets, including Atlanta, Austin, Charlotte, Dallas, Phoenix and other major metropolitan areas. Its activities include property leasing, asset management, development and redevelopment, with an emphasis on well-located office properties in urban and mixed-use business districts.

Founded in 1958 by Thomas G.

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