Cousins Properties Incorporated (NYSE:CUZ) Receives $32.20 Consensus Target Price from Brokerages

Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $32.20.

A number of equities analysts have commented on the stock. Robert W. Baird cut their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Evercore ISI increased their price target on Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Truist Financial dropped their price objective on Cousins Properties from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, Jefferies Financial Group started coverage on Cousins Properties in a research note on Monday, March 17th. They set a "buy" rating and a $35.00 target price for the company.

Cousins Properties Stock Up 0.5%

Shares of NYSE:CUZ traded up $0.14 during mid-day trading on Monday, hitting $30.39. 1,272,768 shares of the company traded hands, compared to its average volume of 1,314,158. The firm's 50 day simple moving average is $27.62 and its 200 day simple moving average is $29.24. The firm has a market cap of $5.10 billion, a P/E ratio of 101.30, a PEG ratio of 2.98 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. Cousins Properties has a 52-week low of $22.16 and a 52-week high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The company had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. During the same quarter last year, the firm posted $0.65 earnings per share. The business's quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts anticipate that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were given a $0.32 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.21%. Cousins Properties's dividend payout ratio is presently 387.88%.

Institutional Investors Weigh In On Cousins Properties

Several large investors have recently made changes to their positions in CUZ. Spire Wealth Management acquired a new stake in Cousins Properties in the 1st quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its holdings in shares of Cousins Properties by 1,609.3% during the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 869 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in Cousins Properties in the first quarter worth about $36,000. Manchester Capital Management LLC lifted its holdings in Cousins Properties by 579.7% in the first quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust's stock worth $80,000 after purchasing an additional 2,313 shares during the period. Finally, GF Fund Management CO. LTD. bought a new position in Cousins Properties in the 4th quarter valued at about $85,000. Institutional investors and hedge funds own 94.38% of the company's stock.

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.