Analysts Set Cousins Properties Incorporated (NYSE:CUZ) Target Price at $31.71

Shares of Cousins Properties Incorporated (NYSE:CUZ) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $33.14.

CUZ has been the topic of several research reports. Robert W. Baird boosted their price target on Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Evercore ISI boosted their price objective on Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Truist Financial raised their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. Finally, KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a report on Tuesday.

Institutional Investors Weigh In On Cousins Properties

A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in Cousins Properties by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock worth $357,910,000 after acquiring an additional 458,387 shares during the last quarter. State Street Corp lifted its position in shares of Cousins Properties by 0.6% during the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after purchasing an additional 48,668 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Cousins Properties by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after purchasing an additional 36,727 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Cousins Properties by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust’s stock valued at $73,357,000 after purchasing an additional 82,521 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Cousins Properties by 3,768.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after purchasing an additional 2,276,986 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Up 1.4 %

Shares of CUZ stock opened at $30.24 on Monday. Cousins Properties has a 12 month low of $21.58 and a 12 month high of $32.55. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm has a market cap of $4.78 billion, a PE ratio of 91.64, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The stock has a 50 day moving average of $31.03 and a 200-day moving average of $27.94.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.60). The company had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. Cousins Properties’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 earnings per share. On average, equities analysts predict that Cousins Properties will post 2.68 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd will be given a $0.32 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.23%. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

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.