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

Cousins Properties Incorporated (NYSE:CUZ) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $33.11.

Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their target price on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Truist Financial boosted their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $22.00 to $30.00 in a research note on Tuesday. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and upped their price target for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Finally, StockNews.com downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CUZ. Massachusetts Financial Services Co. MA grew its position in Cousins Properties by 3,768.0% during 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 acquiring an additional 2,276,986 shares during the last quarter. Rush Island Management LP bought a new position in shares of Cousins Properties during the 3rd quarter valued at $46,393,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Cousins Properties by 411.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust’s stock worth $32,823,000 after purchasing an additional 895,917 shares during the period. Wellington Management Group LLP bought a new stake in Cousins Properties in the third quarter worth $20,276,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Cousins Properties by 368.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after purchasing an additional 615,118 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Stock Down 0.1 %

Shares of NYSE CUZ opened at $29.59 on Friday. The business’s fifty day moving average price is $30.81 and its 200-day moving average price is $28.65. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The stock has a market capitalization of $4.68 billion, a PE ratio of 89.67, a P/E/G ratio of 4.02 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data 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 business had revenue of $209.21 million for the quarter, compared to analysts’ expectations 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 period last year, the company earned $0.65 earnings per share. On average, equities research analysts anticipate that Cousins Properties will post 2.68 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.33%. Cousins Properties’s payout ratio 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.