Analysts Set Cousins Properties Incorporated (NYSE:CUZ) Price Target at $32.50

Key Points

• Cousins Properties Incorporated (NYSE:CUZ) has received a consensus recommendation of "Moderate Buy" from ten analysts, with an average twelve-month price target of $32.50.
• Recently, large investors have increased their stakes in CUZ, demonstrating strong institutional interest, as 94.38% of the company's stock is held by hedge funds and institutional investors.
• The company reported quarterly earnings of $0.70 EPS, meeting analysts' expectations, alongside a 4.5% dividend yield based on a recently announced quarterly dividend.

Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.40.

A number of brokerages recently weighed in on CUZ. Wells Fargo & Company lowered their target price on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Truist Financial decreased their price objective on Cousins Properties from $31.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday. 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 research note on Monday, May 19th. Mizuho lifted their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th.

Institutional Investors Weigh In On Cousins Properties

Several hedge funds have recently made changes to their positions in the company. Resolution Capital Ltd purchased a new position in Cousins Properties in the 4th quarter worth about $135,094,000. GRS Advisors LLC purchased a new position in Cousins Properties during the 4th quarter valued at approximately $63,759,000. Rush Island Management LP raised its holdings in Cousins Properties by 91.4% during the 4th quarter. Rush Island Management LP now owns 3,011,843 shares of the real estate investment trust's stock valued at $92,283,000 after buying an additional 1,438,127 shares during the period. Norges Bank purchased a new position in shares of Cousins Properties during the 2nd quarter worth about $41,351,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Cousins Properties by 454.9% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,627,864 shares of the real estate investment trust's stock valued at $48,885,000 after buying an additional 1,334,492 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Up 2.2%

CUZ traded up $0.63 during trading on Friday, reaching $28.87. 721,097 shares of the stock were exchanged, compared to its average volume of 1,485,787. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45. The stock's 50 day moving average price is $28.48 and its two-hundred day moving average price is $28.53. Cousins Properties has a twelve month low of $24.07 and a twelve month high of $32.55. The stock has a market cap of $4.85 billion, a P/E ratio of 77.91, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33.

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

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 annualized dividend and a yield of 4.4%. Cousins Properties's payout ratio is 345.95%.

Cousins Properties Company Profile

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.