Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments.
Cousins Properties Stock Up 0.4 %
CUZ Stock traded up $0.12 during midday trading on Friday, reaching $30.70. 827,367 shares of the company were exchanged, compared to its average volume of 868,958. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.87. Cousins Properties has a 1-year low of $27.61 and a 1-year high of $42.41. The stock's 50-day simple moving average is $30.02 and its 200 day simple moving average is $35.05. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 2.67 and a beta of 1.05.
Cousins Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, July 6th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $1.28 dividend on an annualized basis and a yield of 4.17%. Cousins Properties's payout ratio is currently 67.37%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Barclays lowered their target price on shares of Cousins Properties from $48.00 to $43.00 and set an "overweight" rating for the company in a research note on Wednesday, July 20th. Wells Fargo & Company reduced their target price on shares of Cousins Properties from $45.00 to $33.00 and set an "overweight" rating on the stock in a report on Friday, July 1st. Truist Financial reduced their target price on shares of Cousins Properties from $38.00 to $33.00 and set a "hold" rating on the stock in a report on Thursday, June 30th. TheStreet cut shares of Cousins Properties from a "b-" rating to a "c+" rating in a report on Tuesday, June 28th. Finally, Mizuho reduced their target price on shares of Cousins Properties from $41.00 to $31.00 and set a "neutral" rating on the stock in a report on Wednesday, July 6th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $35.00.