Cousins Properties (NYSE:CUZ) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Cousins Properties (NYSE:CUZ) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

Several other equities research analysts have also issued reports on CUZ. Barclays decreased their target price on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. KeyCorp raised 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, December 17th. Robert W. Baird decreased their price objective on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Truist Financial lifted their price objective on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group initiated coverage on Cousins Properties in a report on Monday. They issued a “buy” rating and a $35.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.89.

Cousins Properties Trading Up 0.6 %

NYSE CUZ opened at $29.52 on Tuesday. The firm has a market capitalization of $4.95 billion, a P/E ratio of 98.41, a PEG ratio of 2.98 and a beta of 1.28. The business has a fifty day simple moving average of $29.92 and a 200 day simple moving average of $30.17. Cousins Properties has a 12 month low of $21.58 and a 12 month high of $32.55. 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 results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. On average, analysts predict that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.34%. Cousins Properties’s dividend payout ratio is currently 426.67%.

Institutional Trading of Cousins Properties

Large investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its position in shares of 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 valued at $28,000 after acquiring an additional 869 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 395 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Cousins Properties by 49.7% during 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 acquiring an additional 438 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Cousins Properties during the 4th quarter valued at about $85,000. Finally, FIL Ltd boosted its position in shares of Cousins Properties by 24.6% during the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 643 shares during 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.