Truist Financial downgraded shares of Cousins Properties (NYSE:CUZ - Free Report) from a buy rating to a hold rating in a report published on Wednesday, MarketBeat Ratings reports. Truist Financial currently has $31.00 price target on the real estate investment trust's stock.
A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company decreased their target price on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Jefferies Financial Group assumed coverage on Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 target price on the stock. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Monday, April 7th. Evercore ISI lifted their target price on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Finally, Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Cousins Properties has an average rating of "Moderate Buy" and an average target price of $32.40.
Get Our Latest Research Report on Cousins Properties
Cousins Properties Stock Performance
Shares of NYSE:CUZ traded up $0.56 during midday trading on Wednesday, hitting $30.15. The company's stock had a trading volume of 1,389,308 shares, compared to its average volume of 1,342,146. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 91.36, a PEG ratio of 2.78 and a beta of 1.33. The stock's 50 day simple moving average is $28.84 and its 200 day simple moving average is $29.13. Cousins Properties has a fifty-two week low of $22.47 and a fifty-two week high of $32.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89.
Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The firm's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. As a group, research analysts anticipate that Cousins Properties will post 2.76 earnings per share for the current year.
Cousins Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, July 7th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Monday, July 7th. Cousins Properties's dividend payout ratio is 387.88%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Cousins Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock valued at $1,353,000 after acquiring an additional 366 shares during the last quarter. Quarry LP raised its stake in shares of Cousins Properties by 9.4% in the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock valued at $133,000 after acquiring an additional 375 shares during the last quarter. GF Fund Management CO. LTD. raised its stake in shares of Cousins Properties by 14.8% in the first quarter. GF Fund Management CO. LTD. now owns 3,175 shares of the real estate investment trust's stock valued at $94,000 after acquiring an additional 410 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Cousins Properties by 2.7% in the first quarter. Cetera Investment Advisers now owns 16,377 shares of the real estate investment trust's stock valued at $483,000 after acquiring an additional 427 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Cousins Properties by 16.5% in the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust's stock valued at $100,000 after acquiring an additional 477 shares during the last quarter. Institutional investors own 94.38% of the company's stock.
About Cousins Properties
(
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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.
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