Cousins Properties Incorporated (NYSE:CUZ) Receives $32.50 Consensus Price Target from Analysts

Key Points

• Cousins Properties has received an average rating of "Moderate Buy" from ten brokerages, with six analysts issuing buy ratings and four recommending a hold.
• The current average 12-month target price for Cousins Properties is set at $32.50, with recent adjustments from analysts including Mizuho raising it from $30.00 to $31.00.
• Insider trading activity includes a recent sale by CAO Jeffrey D. Symes of 4,612 shares, indicating a 25.44% decrease in his holdings in the company.

Shares of Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) have been given an average rating of "Moderate Buy" by the ten research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $32.50.

CUZ has been the subject of several analyst reports. Evercore ISI boosted their price objective on Cousins Properties from $31.00 to $32.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Wall Street Zen cut Cousins Properties from a "hold" rating to a "sell" rating in a report on Saturday, September 6th. Mizuho boosted their price objective on Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, Truist Financial reduced their price target on Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, August 26th.

Insiders Place Their Bets

In related news, CAO Jeffrey D. Symes sold 4,612 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $29.30, for a total value of $135,131.60. Following the completion of the transaction, the chief accounting officer owned 13,518 shares of the company's stock, valued at approximately $396,077.40. This represents a 25.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Cousins Properties by 3.8% during the first quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust's stock valued at $759,735,000 after acquiring an additional 951,637 shares during the last quarter. Resolution Capital Ltd raised its holdings in shares of Cousins Properties by 0.6% during the second quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust's stock valued at $177,754,000 after acquiring an additional 33,097 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Cousins Properties by 51.5% during the second quarter. Jennison Associates LLC now owns 3,535,111 shares of the real estate investment trust's stock valued at $106,159,000 after acquiring an additional 1,200,952 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Cousins Properties by 0.4% during the second quarter. Geode Capital Management LLC now owns 3,308,911 shares of the real estate investment trust's stock valued at $99,380,000 after acquiring an additional 12,039 shares during the last quarter. Finally, Hudson Bay Capital Management LP raised its holdings in shares of Cousins Properties by 40.7% during the second quarter. Hudson Bay Capital Management LP now owns 2,759,950 shares of the real estate investment trust's stock valued at $82,881,000 after acquiring an additional 797,822 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Stock Performance

Cousins Properties stock traded down $0.45 during trading hours on Wednesday, hitting $28.83. 3,094,476 shares of the stock traded hands, compared to its average volume of 1,537,822. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45. The firm's 50 day moving average price is $28.25 and its 200-day moving average price is $28.42. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 77.92, a P/E/G ratio of 2.65 and a beta of 1.39. Cousins Properties has a 1 year low of $24.07 and a 1 year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $237.72 million during the quarter, compared to analysts' expectations of $243.73 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, equities analysts expect that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, October 3rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.4%. Cousins Properties's dividend payout ratio is presently 345.95%.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.