Cousins Properties (NYSE:CUZ) Price Target Raised to $31.00

Cousins Properties (NYSE:CUZ - Free Report) had its price objective raised by Evercore ISI from $30.00 to $31.00 in a research note released on Monday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust's stock.

CUZ has been the topic of a number of other research reports. Wolfe Research raised shares of 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. Robert W. Baird cut their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays cut their target price on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Finally, Jefferies Financial Group started coverage on shares of Cousins Properties in a research note on Monday, March 17th. They set a "buy" rating and a $35.00 target price on the stock. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.20.

Cousins Properties Trading Up 1.0%

Cousins Properties stock traded up $0.28 during trading hours on Monday, reaching $27.00. The stock had a trading volume of 2,904,439 shares, compared to its average volume of 1,275,200. The stock has a market cap of $4.53 billion, a PE ratio of 89.99, a PEG ratio of 2.98 and a beta of 1.34. Cousins Properties has a 52 week low of $22.01 and a 52 week high of $32.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The company has a fifty day simple moving average of $27.77 and a 200-day simple moving average of $29.47.

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. The business had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The company's revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. Analysts forecast that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were given a dividend of $0.32 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.74%. Cousins Properties's dividend payout ratio (DPR) is currently 387.88%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CUZ. Spire Wealth Management purchased a new position in Cousins Properties in the first quarter worth about $25,000. Jones Financial Companies Lllp raised its holdings in Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock worth $28,000 after buying an additional 869 shares during the last quarter. UMB Bank n.a. raised its holdings in Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after buying an additional 395 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Cousins Properties in the first quarter worth about $36,000. Finally, Manchester Capital Management LLC raised 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 buying an additional 2,313 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

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.