Cousins Properties Incorporated (NYSE:CUZ) Given Average Rating of “Moderate Buy” by Analysts

Cousins Properties Incorporated (NYSE:CUZ) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has 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 a report on the stock in the last year is $30.67.

A number of equities research analysts recently commented on CUZ shares. Wells Fargo & Company increased their price target on Cousins Properties from $26.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Truist Financial increased their price target on Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Barclays raised their target price on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Robert W. Baird raised their target price on Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI raised their target price 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.

Insider Transactions at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 5,997 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.13, for a total transaction of $168,695.61. Following the completion of the transaction, the chief accounting officer now owns 12,529 shares in the company, valued at approximately $352,440.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CUZ. Oak Thistle LLC bought a new position in Cousins Properties in the 1st quarter worth about $421,000. State of Michigan Retirement System boosted its stake in Cousins Properties by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 37,244 shares of the real estate investment trust’s stock worth $895,000 after purchasing an additional 800 shares during the period. State of Alaska Department of Revenue boosted its stake in Cousins Properties by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock worth $2,128,000 after purchasing an additional 486 shares during the period. Retirement Systems of Alabama boosted its stake in Cousins Properties by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust’s stock worth $4,582,000 after purchasing an additional 498 shares during the period. Finally, SeaBridge Investment Advisors LLC boosted its stake in Cousins Properties by 4.8% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 118,424 shares of the real estate investment trust’s stock worth $2,847,000 after purchasing an additional 5,393 shares during the period. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Up 0.5 %

NYSE CUZ opened at $31.54 on Friday. The firm has a market capitalization of $4.80 billion, a P/E ratio of 64.37, a PEG ratio of 4.41 and a beta of 1.30. The business has a fifty day simple moving average of $29.24 and a 200 day simple moving average of $25.76. Cousins Properties has a 12 month low of $17.40 and a 12 month high of $32.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). The company had revenue of $212.98 million during the quarter, compared to analysts’ expectations of $208.18 million. Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 earnings per share. On average, analysts predict that Cousins Properties will post 2.67 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.06%. Cousins Properties’s payout ratio is 261.22%.

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.