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

Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.40.

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a report on Monday, April 7th. Truist Financial cut Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a report on Wednesday, July 2nd. Evercore ISI increased their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company reduced their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 19th.

Cousins Properties Trading Down 2.2%

Shares of CUZ traded down $0.64 during trading hours on Friday, reaching $29.08. The stock had a trading volume of 1,837,276 shares, compared to its average volume of 1,344,130. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. Cousins Properties has a 52 week low of $22.47 and a 52 week high of $32.55. The firm has a 50-day moving average of $28.86 and a 200 day moving average of $29.12. The company has a market cap of $4.88 billion, a P/E ratio of 88.12, a P/E/G ratio of 2.78 and a beta of 1.33.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its 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. The firm had revenue of $6.81 million during the quarter, compared to analysts' expectations of $238.49 million. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The company's revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. On average, sell-side analysts expect that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, July 7th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.28 annualized dividend and a yield of 4.40%. Cousins Properties's dividend payout ratio (DPR) is currently 387.88%.

Institutional Investors Weigh In On Cousins Properties

Several hedge funds have recently bought and sold shares of CUZ. Spire Wealth Management bought a new position in Cousins Properties in the 1st quarter valued at about $25,000. Jones Financial Companies Lllp raised its holdings in Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 869 shares during the period. N.E.W. Advisory Services LLC bought a new position in Cousins Properties in the 1st quarter valued at about $36,000. Manchester Capital Management LLC raised its holdings in Cousins Properties by 579.7% in the 1st quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust's stock valued at $80,000 after acquiring 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. 94.38% of the stock is currently owned by institutional investors and hedge funds.

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.