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

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

A number of other analysts have also commented on the stock. Evercore ISI boosted 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 report on Monday, May 19th. Wells Fargo & Company cut their price target on shares of 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 started coverage on Cousins Properties in a report on Monday, March 17th. They issued a "buy" rating and a $35.00 price objective for the company. Truist Financial lowered Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Cousins Properties presently has an average rating of "Moderate Buy" and an average price target of $32.50.

Cousins Properties Trading Up 0.7%

Shares of NYSE:CUZ traded up $0.22 during trading on Monday, hitting $29.14. 1,277,472 shares of the company's stock were exchanged, compared to its average volume of 1,478,317. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The firm has a market cap of $4.89 billion, a P/E ratio of 88.29, a PEG ratio of 2.70 and a beta of 1.33. The firm has a 50-day moving average price of $28.96 and a two-hundred day moving average price of $29.08. Cousins Properties has a 1-year low of $24.01 and a 1-year high of $32.55.

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 the consensus estimate 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 the consensus estimate of $238.49 million. During the same period in the prior year, the company earned $0.65 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. Equities analysts predict that Cousins Properties will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, July 7th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Monday, July 7th. Cousins Properties's payout ratio is presently 387.88%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Resolution Capital Ltd acquired a new position in shares of Cousins Properties in the fourth quarter valued at about $135,094,000. GRS Advisors LLC acquired a new position in shares of Cousins Properties during the 4th quarter worth approximately $63,759,000. Norges Bank acquired a new position in shares of Cousins Properties during the 4th quarter worth approximately $57,194,000. Rush Island Management LP increased its holdings in shares of Cousins Properties by 91.4% during the fourth quarter. Rush Island Management LP now owns 3,011,843 shares of the real estate investment trust's stock worth $92,283,000 after purchasing an additional 1,438,127 shares during the period. Finally, Millennium Management LLC raised its position in shares of Cousins Properties by 400.9% in the fourth quarter. Millennium Management LLC now owns 1,233,050 shares of the real estate investment trust's stock valued at $37,781,000 after buying an additional 986,863 shares in the last quarter. Institutional investors own 94.38% of the company's stock.

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.