Brokerages Set Cousins Properties Incorporated (NYSE:CUZ) PT at $31.71

Shares of Cousins Properties Incorporated (NYSE:CUZ) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $33.14.

A number of equities research analysts recently commented on CUZ shares. Wells Fargo & Company lifted their price objective on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Robert W. Baird increased their price target on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Barclays lifted their price objective on shares of Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Evercore ISI upped their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, September 16th.

Cousins Properties Stock Performance

Shares of NYSE:CUZ opened at $30.24 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. Cousins Properties has a 1-year low of $21.58 and a 1-year high of $32.55. The stock has a market capitalization of $4.78 billion, a P/E ratio of 91.64, a P/E/G ratio of 4.02 and a beta of 1.29. The business has a 50-day moving average price of $31.03 and a two-hundred day moving average price of $27.94.

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

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, January 3rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.23%. Cousins Properties’s payout ratio is 387.88%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CUZ. Sanctuary Advisors LLC raised its holdings in shares of Cousins Properties by 36.6% during the third quarter. Sanctuary Advisors LLC now owns 31,660 shares of the real estate investment trust’s stock worth $1,004,000 after acquiring an additional 8,479 shares during the period. Virtu Financial LLC bought a new position in Cousins Properties during the 3rd quarter worth about $227,000. TCW Group Inc. acquired a new stake in shares of Cousins Properties in the 3rd quarter valued at about $1,274,000. Coldstream Capital Management Inc. bought a new stake in shares of Cousins Properties in the third quarter valued at about $208,000. Finally, Geode Capital Management LLC boosted 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 buying an additional 36,727 shares during the period. Institutional investors 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.