Cousins Properties Incorporated (NYSE:CUZ) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately bullish: Six of nine brokerages rate Cousins Properties a “buy” and three recommend holding the stock, with an average 12-month price target of approximately $30.91.
• The stock opened at $29.64, near analysts’ average target, while recent firms raised price objectives as high as $34.00. Shares have traded between $21.03 and $32.95 over the past year.
• Cousins Properties missed quarterly EPS estimates, reporting $0.16 versus the $0.74 consensus, although revenue rose 11.8% year over year to $268.53 million. The REIT also maintains a quarterly dividend of $0.32, equivalent to a 4.3% annual yield.

Shares of Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $30.9091.

Several research firms have commented on CUZ. Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Evercore restated an "outperform" rating and set a $34.00 price objective on shares of Cousins Properties in a report on Monday, July 6th. Truist Financial raised their price objective on Cousins Properties from $24.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, June 26th. Barclays lifted their price objective on Cousins Properties from $28.00 to $34.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded Cousins Properties from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, June 25th.

Cousins Properties Price Performance

Cousins Properties stock opened at $29.64 on Friday. The stock has a market capitalization of $4.88 billion, a P/E ratio of 741.16, a P/E/G ratio of 2.18 and a beta of 1.18. Cousins Properties has a 12-month low of $21.03 and a 12-month high of $32.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.01 and a quick ratio of 1.01. The firm's 50-day moving average is $29.99 and its two-hundred day moving average is $26.31.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted 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 firm had revenue of $268.53 million during the quarter, compared to analyst estimates of $263.55 million. Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The business's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Equities analysts predict that Cousins Properties will post 2.96 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were issued a $0.32 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.28 annualized dividend and a yield of 4.3%. Cousins Properties's payout ratio is 3,200.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in shares of Cousins Properties in the second quarter worth approximately $41,743,000. Elevation Wealth Partners LLC grew its holdings in Cousins Properties by 92.3% in the second quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 755 shares during the period. GAMMA Investing LLC increased its position in Cousins Properties by 25.6% during the second quarter. GAMMA Investing LLC now owns 3,175 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 648 shares during the last quarter. Bank of America Corp DE increased its position in Cousins Properties by 63.5% during the first quarter. Bank of America Corp DE now owns 1,124,141 shares of the real estate investment trust's stock worth $25,372,000 after purchasing an additional 436,396 shares during the last quarter. Finally, Amundi raised its stake in Cousins Properties by 6.5% during the first quarter. Amundi now owns 96,454 shares of the real estate investment trust's stock worth $2,177,000 after purchasing an additional 5,866 shares during the period. 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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