Cousins Properties Incorporated (NYSE:CUZ) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) have been given an average rating of "Moderate Buy" by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $32.40.

Several research analysts recently weighed in on the company. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Evercore ISI boosted their target price 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. Wells Fargo & Company lowered their target price on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research note on Monday, April 7th. Finally, Truist Financial downgraded Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research note on Wednesday.

Hedge Funds Weigh In On Cousins Properties

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in Cousins Properties by 7.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock valued at $82,047,000 after buying an additional 189,411 shares during the last quarter. QRG Capital Management Inc. raised its stake in Cousins Properties by 7.9% during the 1st quarter. QRG Capital Management Inc. now owns 21,467 shares of the real estate investment trust's stock worth $633,000 after buying an additional 1,570 shares during the period. Yousif Capital Management LLC raised its stake in Cousins Properties by 1.2% during the 1st quarter. Yousif Capital Management LLC now owns 57,490 shares of the real estate investment trust's stock worth $1,696,000 after buying an additional 666 shares during the period. Vert Asset Management LLC acquired a new stake in shares of Cousins Properties in the 1st quarter valued at about $2,026,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Cousins Properties by 11.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,238,792 shares of the real estate investment trust's stock valued at $37,957,000 after purchasing an additional 125,389 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Trading Up 1.9%

NYSE:CUZ opened at $30.15 on Friday. Cousins Properties has a 12-month low of $22.33 and a 12-month high of $32.55. The firm has a market capitalization of $5.06 billion, a P/E ratio of 91.36, a P/E/G ratio of 2.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50 day simple moving average of $28.79 and a 200 day simple moving average of $29.14.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The company had revenue of $6.81 million during the quarter, compared to analyst estimates of $238.49 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm's quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts predict that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, July 7th will be issued a $0.32 dividend. The ex-dividend date is Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.25%. Cousins Properties's payout ratio is presently 387.88%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.