Cousins Properties Incorporated (NYSE:CUZ) Receives Average Recommendation of “Moderate Buy” from Analysts

Cousins Properties Incorporated (NYSE:CUZ) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $33.00.

Several equities research analysts have recently weighed in on CUZ shares. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Robert W. Baird reduced their target price on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Truist Financial boosted their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. BMO Capital Markets downgraded Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Finally, StockNews.com downgraded Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th.

Cousins Properties Trading Up 0.6 %

CUZ stock opened at $30.35 on Friday. Cousins Properties has a 1-year low of $21.58 and a 1-year high of $32.55. The firm has a market cap of $5.09 billion, a P/E ratio of 101.15, a P/E/G ratio of 2.98 and a beta of 1.29. The business’s 50 day moving average is $30.25 and its 200-day moving average is $29.99. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities analysts anticipate that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.22%. The ex-dividend date was Friday, January 3rd. Cousins Properties’s dividend payout ratio is 426.67%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in Cousins Properties by 1,609.3% during the 4th 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 in the last quarter. UMB Bank n.a. lifted its stake in shares of Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 395 shares during the period. Larson Financial Group LLC lifted its stake in shares of Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 438 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Cousins Properties in the 4th quarter valued at $85,000. Finally, FIL Ltd lifted its stake in shares of Cousins Properties by 24.6% in the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 643 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

About Cousins Properties

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.